On the surface, it appears that the crypto market has not traded flat since yesterday. Over the past week, most categories have been under pressure: SMART contract platform, Layer-1, Defi Token, Dex Token, and even Meme Coins. Global crypto market capitalization has fallen from $4 trillion to $3.86 trillion, down 3.5% over the past few days.
But beneath the surface, smart money is known for its quick profits and sharper positioning – quietly accumulating. Despite the weaknesses of the wider market, there are three Altcoins that are being purchased by three Altcoins Smart Money.
Shiba Inu
Shiba Inu has fixed its 6% or more in the last 7 days, but pullbacks seem to be gaining strong shopping interest.
With rate cuts in September reduced to the horizon and risk-on appetites returning, smart money appears to be positioned early in Shiv, becoming one of the smart money wallets for altcoin.
On-chain data checks this. Over the past week, Smart Money Wallet has increased its holdings by 9.29%, adding around S3.7 billion.
But the larger picture tells more. The top 100 addresses have accumulated an additional 152.7 billion shibes, with exchange balances falling by 1.1 trillion shibes.
In total, around 1.2 trillion Siv, worth around $15.7 million, has moved into stronger hands, indicating that accumulation is well beyond smart money alone.
Technology provides further support. Looking at the four-hour chart, which often reveals a reversal of short-term trends, Shiv turned bulls over after six consecutive bear sessions.
The Bullbear Power (BBP) indicator measures the balance of trading pressure and suggests that the Bulls are regaining control.
Immediate resistance is $0.00001244. Overcoming this level for 4 hours could pave the way to $0.00001273, but the downside risk is below $0.00001216 and is completely invalidated at less than $0.00001198.
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uniswap (uni)
Uniswap tokens have settled relatively in August, sliding more than 3.5% over the past month. Despite this revision, Smart Money has quietly built its place, suggesting increased confidence in the DexToken story. With Stablecoin’s liquidity and decentralized trading activity steadily rising, tokens like Uni remain at the heart of the Defi space.
That context could be pushing smart money to accumulate now, along with hopes for interest rate cuts in September.
Over the past 30 days, UNI’s Smart Money Holdings rose 6.51%, bringing the total stash to 41.67 million UNI. The current UNI price is $9.77, which leads to a purchase of around $24.9 million.
The Whale has also been added to his position, earning 8.74 million universities. At the same time, the exchange reserve fell by 0.89% (5.8 million UNI) and notified of the outflow.
Overall, this accumulation reflects over $167 million in UNI purchase strength spreading into smart money, whales and exchange spills.
From a technical standpoint, UNI trades for $9.77 and is supported by a long-term ascending trend line that served as the basis for a wider pattern.
Immediate resistance is $9.90, and breakouts above that level could rise towards $10.20 and $10.50.
The more definitive test is $11.63, which confirms a bullish reversal. However, if Uni falls below $8.67, it disables this setup and shifts emotions to the bear.
Lido Dao (ldo)
Another definition following Uniswap, Lido Dao (LDO), also attracted accumulation from smart money last week.
Despite LDO’s corrections of over 17% in late August, Smart Money added 2.36% to the stash and now holds 26.48 million tokens. The top 100 addresses reflect this bias, raising their holdings to 0.13% (approximately 1.08 million tokens, equivalent to $1.32 million).
At the same time, the exchange balance fell by nearly $2.7 million, down 2.2 million tokens.
Together, this leads to net purchase pressure of over $4.7 million, suggesting a wide accumulation from smart money and large owners, even if the whales cut their stashes to 13.48% (15.68 million tokens).
Technically, the four-hour chart shows that the LDO split from the declining triangle that concludes its price action since August 23rd.
This move means that while we haven’t seen a bearish reversal yet, the bearish trend is ineffective. It is interesting to note that the BBP indicators also have a decline in bearish power.
By disabling this bearish setup, Smart Money may be betting that if it builds strength above $1.26, it will open the door for a short-term rebound. If that level is reversed, the next test is $1.29, which remains a huge resistance.
Because of the invalidation, if the LDO returns below $1.21, it will slip under the broken trend line, raising doubts about the rebound. A decisive breakdown below $1.18 will completely neutralize Smart Money’s optimism and regain momentum for the bear.
Disclaimer
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