A BTC whale’s movement caused market anxiety, yet no sales transpired.
The macroeconomic landscape presents a calm day in terms of data, with U.S. markets on holiday; however, announcements regarding tariffs continue. Following negativity-inducing leaks from European bureaucrats reported by the Financial Times, the White House offered a hopeful outlook on reaching agreements soon. Suggestions imply tariff agreements could support markets, raising the question: Is WAVES Coin entering an opportunity zone?
ContentsAnalyzing WAVES CoinWhale Movements and Ethereum’s Position Analyzing WAVES Coin
WAVES Coin, although an older cryptocurrency, often finds itself overshadowed. The continual emergence and disappearance of new altcoins emphasize the value of those like WAVES that withstand time. Surviving the market cycles signals potential for reaching new peaks.
Quinten Francois highlighted significant price levels, implying a possible opportunity phase for WAVES Coin. Although Quinten cannot predict the future, investors should develop their own strategies.
“WAVES rebounded 20% from its chart-taught lowest dip. If the price maintains the golden zone (0.618-0.66 fib level) + 20MA, a longer-term uptrend could materialize. The next target aligns with the 200MA and historical resistance level at $1.30.”
Whale Movements and Ethereum’s Position
A whale moving 80,000 Bitcoin (BTC) $107,656 triggered fear and panic across markets. As investors pondered the implications of over $7 billion potentially flooding exchanges, BTCUSDT on Binance registered a volume of $1.2 billion.
Thankfully, the feared outcomes did not materialize, calming FUD as assets were not directed towards sales. If such a sale were intended, the assets would transfer to labeled wallets. Perhaps an OTC sale occurred, and when the dust settles, the buyer might be revealed. Miles Deutscher cautioned,
“Remember, the BTC whale might not be selling but instead shifting funds for security, yet it can slightly unsettle the market.”
Poppe, sharing analysis on the ETHBTC pair, stressed the need for a robust surge and break above the 0.026BTC area. Without this, a prolonged decline and consolidation might continue, surpassing historical precedents in duration.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
