Multiple crypto assets have been active recently: ChainLink is poised to break out after nearly 2 years of consolidation, Cardano has seen large whale purchases, Shiba Inu coin is defending support with massive trading, and the practical token Remittix is gaining favor with whales.
ChainLink has been consolidating for 639 days, with on-chain activity heating up, waiting to break $30.
ChainLink (#LINK) has been consolidating below the supply zone of $24-$28 for 639 days, forming an upward channel. Recently, on-chain activities have significantly heated up: the number of independent trading wallets in a single day exceeded 9,800, with nearly 9,600 new wallets, setting a new high for address activity this year.
The network services are also expanding, and its data streams now support real-time data for stocks like AAPL and NVDA. The Chainlink reserve mechanism further strengthens the token's utility.
From a technical perspective, the weekly breakout of the Gann arc releases positive signals. Analysts believe that if the closing price stabilizes above $30 with follow-up trading volume, the short-term target could be $32, with a long-term potential of reaching $52. Traders need to pay attention to volume confirmation and stop-loss levels at the lower channel to control risk.
Whales purchased 100 million ADA in 24 hours, and analysts see a target of $8.
Cardano (#ADA) recently welcomed whale accumulation: wallets holding between 1 million and 100 million ADA saw an increase of 100 million within 24 hours, totaling 18.65 billion ADA.
The current price fluctuates between $0.86 and $0.88. Although it fell 10% last week, whales showed support by bottom-fishing during the pullback.
On the technical side, analysts find its price structure similar to the historical rebound patterns, and if the pattern continues, it could rise to $8 in the medium to long term (an increase of over 740% from the current level).
The derivatives market also shows positive signs: financing rates have turned positive, with August recording the highest futures trading volume of $7 billion since March; Grayscale has even set up an ADA trust in Delaware, raising ETF expectations and adding momentum for future increases.
Shiba Inu coin with a trading volume of 1 trillion supports the price, with bulls aiming for $0.0000127.
Shiba Inu coin (#SHIB) demonstrates resilience amidst market fluctuations: It retraced with the market before the Federal Reserve's speech, but bulls decisively entered at the psychological support level of $0.00001200, not only maintaining the uptrend line but also breaking the 61.8% Fibonacci retracement level ($0.00001231).
The daily trading price difference reached 5%, with trading volume once soaring to over 1 trillion coins, and institutional attention concentrated in the 13:00-14:00 time frame.
Technical indicators show that the next key target is the psychological level of $0.00001270, which requires sustained volume to confirm the validity of the breakout.
PEPE volatility awaits a breakout, as whales turn towards practical Remittix.
The meme coin sector shows clear differentiation: Pepe coin (#PEPE) is at a key support level, and analysts predict that if it holds the support, it could rise to $0.000017, although high volatility still poses risks.
Dogecoin (#DOGE) maintains an advantage with a market cap of $32 billion and high liquidity, showing more stability than similar tokens.
Meanwhile, whales are turning their attention to the PayFi project Remittix (#RTX). This token focuses on global remittances and freelancer payments, supporting crypto-to-bank services and real-time foreign exchange for 30 countries, bridging the payment gap between Web2 and Web3. It has passed CertiK audits, with liquidity and team token locks ensuring security, and the wallet for the testing phase will be launched in Q3, gaining favor for its practical attributes and considered to have potential that may exceed the total of PEPE and DOGE.
The current market shows significant on-chain heat and capital rotation, and traders need to distinguish between speculation and practical value, formulating strategies based on trading volume and support levels.
