After the market rise in July, August saw a clear decline and limited price fluctuations, with weak trading for some cryptocurrencies. Despite this situation, on-chain data shows that large investors, known as whales, are still accumulating in preparation for potential gains in September.
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1️⃣ Arbitrum (ARB)
Whales have doubled their accumulation since August 24 with a total of +2.1 million ARB.
Support and resistance levels:
Support: $0.47
Resistance: $0.58
Upside forecasts: If accumulation continues, it could break resistance at $0.58 and reach $0.62.
Downside risks: A halt in accumulation or increased selling pressures may push the price down to $0.45.
📈 Analysis: The current accumulation gives a positive indication of significant buying pressure, increasing the likelihood of a short-term upward wave.
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2️⃣ Uniswap (UNI)
The top 100 wallets on the network increased their holdings by 4% last week.
Upside forecasts: The continued accumulation by large investors could push the price towards $10.25.
Downside risks: If selling pressure escalates, the price may drop to $8.67.
💡 Note: The continued accumulation by large investors usually encourages smaller investors to follow the same strategy, which strengthens market power.
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3️⃣ PEPE (Meme Coin)
Whales have doubled their accumulation recently, by +2.18 billion PEPE.
Upside forecasts: With the ongoing accumulation, the price may reach $0.00001070.
Downside risks: If demand weakens or a selling wave occurs, the price may drop to $0.00000830.
🐸 Note: This coin still relies on whale influence and emotional trading, so continuous monitoring is recommended.
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⚡ Summary
Whales are focusing on ARB, UNI, and PEPE for September. The continued accumulation by large investors is a positive signal for a potential upward wave, while any weakening in demand or increase in selling may pressure prices.
💬 Advice for investors:
Monitor whale movements on-chain to understand market direction.
Set clear profit and stop-loss targets before entering any trade.
Remember that the market is volatile, and continuous monitoring is essential.