Following two significant drops in the market this month, altcoins are once again capturing the interest of large investors. Despite a general sense of caution, crypto whales seem to be positioning themselves early for a potential rebound by acquiring crucial altcoins ahead of anticipated rate cuts in October.
With another Fed rate cut likely approaching, three altcoins are quietly experiencing considerable inflows. Whales are purchasing these altcoins during price dips, indicating early positioning and increasing confidence.
Dogecoin (DOGE)
First on the list is Dogecoin (DOGE). It stands out as one of the few altcoins showing clear indications of whale accumulation despite experiencing a sharp correction.
Sponsored
Sponsored
The meme token has fallen over 34% in the last 30 days, yet crypto whales seem to be buying the dip, possibly in anticipation of the impending October rate cuts.
On-chain data indicates that whale holders owning between 100 million to 1 billion DOGE began increasing their supply again after October 16.
Their aggregate holdings rose from 28.16 billion DOGE to 29.61 billion DOGE, adding approximately 1.45 billion DOGE, valued at around $268 million at the current DOGE price.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
This renewed accumulation aligns with the daily chart showing a typical bullish divergence between price and RSI, a momentum indicator.
From June 22 to October 10, DOGE’s price made a lower low while the Relative Strength Index (RSI) marked a higher low—often indicating a potential trend reversal.
If Dogecoin can close a daily candle above $0.188 and $0.217, it could confirm recovery momentum. Following that, the next resistance levels are $0.242, $0.269, and possibly $0.306 in the short to mid-term.
However, if the price falls below $0.170, the bullish scenario may weaken.
Sponsored
Sponsored
With the FedWatch showing a 100% probability of an October rate cut, whales appear to be betting on relaxed monetary policy.
Cardano (ADA)
Next up is Cardano (ADA)—another altcoin experiencing significant whale accumulation despite its price challenges. ADA has declined nearly 32% over the past month, but large holders appear to be leveraging this weakness to position early, similar to the actions of crypto whales with Dogecoin.
Two main whale groups have been accumulating aggressively. The larger cohort, holding over 1 billion ADA, began purchasing on October 12, increasing their holdings from 1.5 billion to 1.59 billion ADA, maintaining their position since.
A second group—holders with 100 million to 1 billion ADA—started adding a day later, on October 13, raising their supply from 3.91 billion to 4.07 billion ADA.
They have added in stages across October 14, 16, and 17, showing solid conviction during ADA’s decline.
Sponsored
Sponsored
With the current Cardano (ADA) price at $0.62, these whales have accumulated approximately $150 million worth of ADA in less than a week. This growing accumulation amid falling prices suggests that larger holders anticipate a possible trend reversal.
Additionally, they might be taking advantage of lower price levels.
On the daily chart, ADA displays a strong bullish divergence between price and RSI. Between February 9 and October 10, ADA’s price made a lower low, while the Relative Strength Index (RSI) made a higher low—signaling that bearish momentum is decreasing.
Currently, ADA is trading around $0.62, but a daily candle close above $0.68 could confirm a breakout. If confirmed, this altcoin could target $0.76, $0.89, and even $1.01, fueled by the anticipated October rate cuts.
However, if the price dips below $0.61, the structure might weaken, opening the way towards $0.50.
CZ’s Dog (BROCCOLI)
Lastly, we have BROCCOLI (CZ’s Dog). This unconventional yet gaining traction altcoin has been quietly gaining attention ahead of the expected October rate cuts.
Sponsored
Sponsored
Unlike Dogecoin and Cardano, BROCCOLI isn’t among the top tokens by market cap. Nonetheless, its whale accumulation pattern indicates a rise in serious interest.
In the past 24 hours, BROCCOLI has declined only 4.4%, and its seven-day loss remains negligible at 2.4%. This demonstrates strong relative stability amidst a wider market downturn, which seems to attract large investors.
Data reveals that whale holdings of BROCCOLI have increased by 8.9% over the last day. Additionally, mega whales—the top 100 addresses—added 0.65% to their holdings.
Collectively, these groups accumulated over 7 million BROCCOLI tokens in just 24 hours, valued at nearly $170,000 at the current BROCCOLI price.
Even as “smart money” wallets have reduced their exposure by over 40%, the whale and mega whale accumulation indicates growing confidence in the token’s short-term outlook.
The Money Flow Index (MFI)—a momentum indicator measuring buying and selling pressure through price and trading volume—is indicating a clear bullish divergence.
From August 7 to October 14, BROCCOLI’s price made a lower low, while the MFI formed a higher low. This implies retail inflows are increasing even as prices decline, indicating accumulation rather than panic selling.
To establish strength, BROCCOLI must close above $0.027, which could launch a rally toward $0.035 and $0.043. Conversely, a drop below $0.018 would weaken the structure and indicate further declines.
