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As the end of March approached, several altcoins caught the attention of crypto whales, with significant accumulation observed in Litecoin (LTC), Uniswap (UNI), and Virtuals Protocol (VIRTUALS). These altcoins have experienced a noticeable surge in activity among large holders over the past few days, a trend often associated with increased market confidence and potential price volatility.
Litecoin has witnessed a rise in the number of whales, indicating renewed interest from substantial investors. The number of wallets holding between 10,000 and 100,000 LTC climbed from 503 on March 21 to 519 by March 23, reflecting a clear uptick in accumulation. This increase in whale activity could potentially drive an upward trend in the near term. If momentum strengthens, Litecoin may encounter resistance levels at $97.29 and $109. A breakthrough beyond these levels could pave the way for a move toward $130 within the coming weeks.
Whale accumulation is typically viewed as a positive signal, as large investors can significantly impact price dynamics. The recent rise suggests growing optimism regarding Litecoin's short-term prospects. Conversely, should momentum falter, Litecoin might retreat to support at $87. A decline beneath this level could result in further losses, potentially reaching $83, which would weaken the bullish narrative.
Uniswap has encountered mixed reactions following criticism surrounding the launch of its Unichain Layer 2 mainnet. Nevertheless, sentiment has shifted positively after the community approved a $165.5 million investment in its ecosystem. Over the last few days, crypto whales have been amassing UNI tokens. The number of wallets holding between 10,000 and 1,000,000 UNI increased from 1,151 on March 20 to 1,158 by March 23, demonstrating renewed interest from major players.
If bullish momentum persists, Uniswap’s price might challenge resistance levels at $7.69 and $8.33. A break above these thresholds could propel the price towards $9.64. On the downside, fading momentum could lead UNI to revisit the $6.82 support level. Should this support fail, it may expose the asset to declines towards $5.97 and possibly $5.50.
Virtuals Protocol has experienced a marked rise in whale activity following its descent to multi-month lows. In the recent days, the count of addresses holding between 100,000 and 1,000,000 VIRTUALS expanded from 82 to 88. Should the AI-focused crypto sector recover, Virtuals Protocol stands to benefit significantly. The token may attempt to breach resistance at $0.97, and upon success, it could surpass $1, targeting $1.24 and $1.49.
Whale accumulation could catalyze this upward trajectory if general sentiment in the AI crypto space improves. Alternatively, if the sector continues to correct, Virtuals Protocol might test support at $0.80. A more severe downturn could drag it down to $0.51, and breaching $0.50 would mark its lowest price since November 2024.
Each of these altcoins presents distinct opportunities and risks based on current whale activity and broader market conditions. Investors are advised to monitor developments closely and consider the potential implications of whale movements on their respective price trajectories.
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