The cryptocurrency sell-off in early November caught the market by surprise and defied expectations for a strong bullish month. From November 4th to 5th, a sharp decline across major tokens disrupted sentiment and erased short-term gains. Still, the altcoins that whales are buying continue to stand out.
On-chain data shows that large holders are quietly accumulating tokens that indicate a breakout structure, early divergence, and a stronger technical setup. These are all signs that big capital may already be poised for the next phase of recovery, with or without retailer participation.
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ASTER
The first altcoin whales are buying after the crash in early November is ASTER, a BNB Chain project focused on decentralized trading. In the past 24 hours, Aster Whale increased its holdings by 12.58% and now holds 43.62 million ASTER.
This means that the whale has added approximately 4.9 million tokens, which is equivalent to approximately $5.46 million at current prices. Interestingly, exchange balances increased by 0.72%, indicating that while whales have been quietly accumulating, some retail and early investors are likely taking profits. This is a common pattern when whales buy altcoins in the early stages of recovery.
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Technically, ASTER continues to trade within a descending wedge. This is a pattern that typically indicates a possible bullish reversal as prices compress. The token’s sharp decline on November 4th was followed by a clear bullish divergence in the Relative Strength Index (RSI). This is a momentum indicator that compares recent gains and losses to identify whether an asset is overbought or oversold.
From October 10th to November 3rd, ASTER price hit a low and the RSI formed further lows, suggesting that selling pressure is easing. Since then, ASTER prices have been steadily increasing.
If this momentum continues, a breakout of $1.28 would be followed by $1.53, which is about 36.8% higher from current levels, confirming the move and opening a potential path to $2.21. That would mean a wedge breakout and ASTER’s price structure would be completely bullish.
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However, the key support remains at $0.93, and if that fails, Aster could revisit sub-$0.81 if broader market conditions deteriorate further.
Bioprotocol (BIO)
The next altcoin whales are buying after the crash in early November is Bio Protocol (BIO), a decentralized science (DeSci) project built on Ethereum. Despite falling 44.2% over the past month, the token has remained flat over the past 24 hours, suggesting that the steep decline may be stabilizing.
Over the past day, Bio Protocol Whale’s holdings increased by 87.07% and now holds 1.89 Million BIOs. In other words, approximately 880,000 tokens have been added. Megawhale, a top 100 address, also expanded its holdings by 0.07%, now reaching 2.98 billion BIO, with an additional 2.09 million tokens added. Together, the whales and mega whales collected approximately 2.97 million BIO, valued at nearly $226,000. This indicates a quiet but clear build-up at low levels.
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The technical setup supports this accumulation phase. The on-balance volume (OBV) indicator measures cumulative buying and selling by adding the volume on up days and subtracting the volume on down days, and has formed a downtrend line since late September.
From September 21st to October 27th, OBV formed a series of lows and a clear resistance slope. On November 2nd, BIO’s OBV briefly broke above that line, leading to a price increase from October 31st to November 2nd. Although this move initially failed, a new breakout attempt began, marked by a green daily candlestick.
If this OBV breakout persists, the first resistance to watch is near $0.097, which coincides with the 50% Fibonacci retracement. A close above this could pave the way for $0.12 and $0.16, confirming the bullish stance. However, if BIO declines by $0.066, it could drop below the OBV trendline, suggesting renewed weakness. If this happens, the bears’ attention could push BIO price to new lows.
Syrup (SYRUP)
The third altcoin that whales are buying is Syrup (SYRUP). It is a DeFi token that powers Maple Finance’s staking and lending platform. Whale accumulation in syrup has accelerated markedly since November 4th, immediately following the market-wide decline.
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Two whale populations are leading this movement. A larger group holding 100 million to 1 billion SYRUPs increased its balance from 447.95 million to 448.18 million SYRUPs. That means approximately 230,000 tokens were added in just two days. Meanwhile, smaller whale addresses holding 10 million to 100 million SYRUPs are making a stronger push. They increased their total holdings from 397.29 million to 425.09 million SYRUP. This is an increase of approximately 27.8 million tokens.
Together, both groups added nearly 28 million syrups (valued at $11.5 million), reflecting a clear return to confidence among large holders.
This positive accumulation is consistent with key technical signals. From August 25th to November 4th, the RSI (relative strength index) on the daily chart formed a bullish divergence. Price has made lower lows while RSI has made higher lows, which is often an early sign of a trend reversal.
In addition, the Chaikin Money Flow (CMF), which tracks the movement of capital into and out of assets, is just above the downtrend line drawn since October 14th. This suggests fresh inflows from large wallets, further confirming whale-led accumulation.
The next confirmation of SYRUP’s recovery will be if CMF rises above zero, which would prove sustained buying momentum. On the price front, the first major resistance lies around $0.46, which is about 13% above the current level of $0.41. A close above this could push SYRUP towards above $0.53. On the downside, there is strong support at $0.36 and if that fails, the token could retest below $0.31.
