The excitement in the crypto market gained momentum after the US inflation statistics were released with stable numbers. CPI rose 2.7% year-on-year in December, roughly in line with expectations, but remains sluggish. This eased pressure on short-term interest rate cuts and lifted risk sentiment across the market. And some crypto whales took notice.
Still, the whale’s movements are measured rather than euphoric. Rather than chasing the pump, large holders were seen adding exposure to the three tokens, tracking key technical levels, and signaling readiness rather than blind risk-taking.
Dogecoin (DOGE)
As the market rises, Dogecoin is once again starting to attract whale interest. Over the past 24 hours, DOGE has gained about 5.9%, extending its 30-day gain to about 7.6%. This move is modest, but it is happening at a technologically important point.
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On-chain data shows that crypto whales holding between 10 million and 100 million DOGE saw their exposure increase during this move. On the final day, this cohort increased its holdings from 17.6 billion DOGE to 17.76 billion DOGE, adding 160 million tokens or approximately $23.5 million cumulatively.
This graph helps explain why whales are currently invading. On the daily time frame, Dogecoin has regained both the 20-day and 50-day exponential moving average (EMA). EMAs give more weight to recent prices and are often used to identify early trend changes.
This setup is important because the last time DOGE first recovered the 20-day EMA and then recovered the 50-day EMA in the same sequence was in early July. This move was followed by an increase of around 73%, and this period also saw a bullish crossover, i.e. the 20 EMA crossing above the 50 EMA.
The 20-day EMA is now approaching the 50-day EMA, setting up the possibility of another bullish crossover.
From here, the first level whales are likely to be looking at is $0.154, just 4.6% above the current price. If the price breaks above this zone cleanly, the 100-day EMA and 200-day EMA will act as resistance. Clearing these levels would indicate a meaningful trend change rather than a temporary pullback and could help DOGE regain even $0.209.
On the downside, a loss of the 20-day and 50-day EMAs could weaken the bullish momentum and even expose the $0.115 level for DOGE.
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chain link (link)
LINK sees a continued influx of whales for the second day in a row. Although holdings declined slightly from January 12th to January 13th, the rise in the cryptocurrency market has brought renewed interest. Chainlink (LINK) is up nearly 6% over the past 24 hours, with the price now testing a technically important resistance zone after a controlled decline.
On-chain data shows that the crypto whale has quietly returned. In the past day, Whale’s holdings increased from 503.2 million LINK to 503.42 million LINK. This means approximately 220,000 LINKs have been added. At current prices, the new accumulation is worth about $3.1 million. Although the scale is smaller than the aggressive buy-in phase, the timing is noteworthy.
This chart explains why the whale is located here. LINK was fixed after a momentum warning earlier this month. From December 9th to January 6th, prices formed lower highs, but the relative strength index (RSI) formed higher highs. RSI measures momentum by comparing recent gains to recent losses. This discrepancy signaled a weakening of momentum and precipitated a pullback.
This correction now appears to be constructive rather than bearish. The price action during the pullback forms the handle part of the cup-and-handle structure, and LINK is currently pushing the neckline area.
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To confirm this setup, LINK’s daily closing price needs to be above $14.10, followed by strength above $15.04. If this happens, the pattern prediction would point towards $17.62, about 25% higher than current levels. This potential upside probably explains why crypto whales are retreating despite recent gains.
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On the downside, a break below $12.97 weakens the setup, while a break below $11.73 completely negates the setup.
Uniswap (UNI)
Uniswap is observing cautious cryptocurrency accumulation as prices approach technically significant levels. UNI is up about 5.5% over the past 24 hours, but the whale’s behavior suggests this is still a cautious bet and not something it is actively chasing.
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Since January 13th, Whale has increased its UNI holdings from 549.37 million tokens to 549.57 million tokens, adding 200,000 UNI. In today’s prices, that’s a cumulative total of about $1.1 million.
The chart explains the constraints. Uniswap is sitting just below its 20-day exponential moving average (EMA).
Historically, UNI’s 20-day EMA recovery has been significant.
It regained that on Nov. 8, leading to a 76% rally. On December 20th, there was a 24% increase due to reclamation. On January 3rd, a brief recovery saw a 13% increase.
The whale appears to be locating early, but we’re waiting for confirmation. The bullish trend will strengthen if the daily close is above the 20-day EMA and then moves towards the 50-day EMA. Above that, the key resistance levels are $5.98, then $6.57, and potentially $8.13 if market conditions remain supportive.
If recovery fails, downside risk remains. Losing $5.28 weakens the setup and could result in a short-term loss of $4.74.
