The crypto market looks calm on the surface; It is almost horizontal in the last 24 hours. However, in the last week, smart contract platforms, Layer-1 projects, defi tokens, decentralized stock market tokens and even breast coins were under pressure. The total crypto currency market value decreased from 3.5 %to $ 4 trillion to 3.86 trillion dollars.
Shiba Inu (Shıb)
Shıb lost more than 6 %in the last seven days. However, this withdrawal brought about a strong recruitment. The expected interest rate cuts in September and the increase in the risk appetite seems to have directed the smart money to Shıb.
According to over -chain data, smart money wallets purchased 3.78 billion SHIB within a week and increased their assets by 9.29 %. The first 100 addresses collect 152.7 billion SHIB, while the Shıb balance on the stock markets decreased by 1.1 trillion. In total, approximately 1.2 trillion SHIB ($ 15.7 million) moved stronger hands.
In the technical analysis, Shıb’s 4 -hour graph gives positive signals. After the 6 decrease wax, the rise began. The BBP indicator, which measures the print of the buyer and seller, also returned to the positive. If the closing of more than 0.00001244, a path can be opened to the target of 0.00001273.
Uniswap (UNI)
UNI experienced a 3.5 %decrease in August. However, this decline created an environment in which smart money quietly positions. Increased interest in Dex Token and the expectation of approaching interest rate cuts made UNI attractive.
In the last 30 days, smart money wallets have reached a total of 41.67 million UNIs (approximately 24.9 million dollars) by purchasing UNI by 6.51% UNI. Whales added 8.74 million pounds. 5.8 million flies were withdrawn from the stock exchanges. A total of more than $ 167 million, the purchase reflects a serious confidence in UNI.
In terms of technically, its UNI is traded on a long -term rising trend line. If the resistance of $ 9,90 is exceeded, $ 10,20 and $ 10.50 can be targeted. The $ 11.63 level may be an indication of a complete rise turn. However, if it falls below $ 8.67, this rise scenario can be considered invalid.
LIDO DAO (LDO)
Lido Dao, who operates in the field of defi, such as Uniswap, was another Altcoin that attracted smart money in the last week. Although LDO fell more than 17 % at the end of August, smart money has increased its total presence to 26.48 million by adding 2,36 % token.
The first 100 addresses collected 1.08 million LDO ($ 1,32 million), while approximately 2.2 million LDO ($ 2.7 million) output from the stock exchanges. This means a net purchase of $ 4.7 million. However, the whales made 15.68 million LDO (13.48%) in the same period and realized profit.
Technically, LDO came out of the descending triangle, which has suppressed the price since 23 August, and the downward trend was invalid. The BBP indicator shows that the decline power is weakened. If it permanently over $ 1.26, $ 1.29 can be tested. However, if the price falls below $ 1.21 again, the expectations of recovery will weaken. If the entire rise scenario is invalid under $ 1.18.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
