Whales Go On Buying Spree, Stocking Up Dogecoin, Ethereum, and This 20x Coin

Crypto whales are back in action, accumulating assets that are expected to have a high growth rate in the near future.

Crypto whales are known for making bold moves, and they've been busy amassing a portfolio of assets that are poised for significant growth in the near future.

While Dogecoin and Ethereum remain firm favorites among these high-net-worth investors, a new entrant has burst onto the scene, catching the eye of whales and retail investors alike.

Enter IntelMarkets (INTL).

This advanced crypto trading platform is still in the presale stage but has already managed to raise an impressive $10.8 million from those seeking to invest early in this innovative project.

The platform, which is equipped with the most advanced artificial intelligence and supports both the Solana and Ethereum chains, also offers a copy trading option and trading robots that are capable of learning from the market data and adapting to the changes in real time.

This makes it a preferred choice for those seeking to invest in the crypto market in a way that is both efficient and profitable.

As the presale progresses, more and more investors are showing interest in this project, which they believe will revolutionize the way people trade digital currencies.

This interest is evident in the stellar performance of the INTL token, which has soared by more than 900% during the presale to reach its current price of $0.091.

However, with the presale nearing its end and the platform launch on the horizon, the potential for this token to grow even further is enormous, especially considering the unique features that set IntelMarkets apart from the competition.

But as the market downturn continues, what else are whales buying other than INTL?

Well, they've also been busy accumulating both Ethereum (ETH) and Dogecoin (DOGE) despite the fact that the latter is currently experiencing difficulties.

According to data from Santiment, which tracks on-chain metrics and social activity, whales have bought over 140k ETH amid the ongoing downturn.

This interest comes as no surprise given that the cryptocurrency has been struggling to maintain itself above the $2k price zone, making it clear that buyers are encountering resistance at this level.

If this momentum continues and the cryptocurrency manages to break out of this crucial resistance, it could clear the way for a surge towards the $3k mark in the next few days.

However, if sellers manage to overwhelm the buyers and push the price back down from this crucial zone, then we could see a retest of the $2.5k support level.

According to Ted, an analyst on X, if the price of ETH follows the same pattern as Bitcoin in 2020/2021, then it could break out past the $4k level if it manages to stay above the Fib 0.618 at this point.

On the other hand, if it fails to hold this level and drops towards the Fib 0.5, it could indicate that the uptrend is facing difficulties and might stall.

In the case of Dogecoin, whales have been busy amassing huge quantities of the meme coin. In fact, they've bought over 110 million coins in the last two days alone.

This interest comes as the meme coin is experiencing difficulties on the weekly and monthly charts, with the price dropping by 28.4% on these time frames.

According to CoinMarketCap data, the price of DOGE is currently trading at $0.22, having plummeted by 4.4% on the weekly level and by 28.4% on the monthly level.

However, despite this setback, there are still hopes for a rebound in the price of DOGE.

Trader Tardigrade notes that the price of DOGE could skyrocket to $1.7 if it manages to mirror its 2017 price pattern.

Another expert known as AltcoinScholar highlighted the importance of the $0.22 level for a rally in the price of DOGE.

According to AltcoinScholar, if bulls manage to hold this region, then we could see a rally in the price of DOGE towards the next resistance zone.

In the meantime, technical analysis shows that investors are hyped about the meme coin, with the Fear and Greed Index returning to Greed, signaling that investors are becoming less fearful and more greedy, which could bode well for a rally in the price of DOGE.