- Santiment tweeted yesterday that CRV, COMP, IMX, AAVE and YGG recorded spikes in whale activity recently.
- Technical indicators suggested that CRV, IMX, COMP and AAVE may see their prices break out soon.
- Meanwhile, YGG was at risk of bringing an end to its positive medium-term trend.
The blockchain intelligence platform Santiment revealed in a tweet yesterday that whale activity has spiked during the past 48 hours – impacting the prices of several altcoins in the market. According to the post, a number of altcoins including AAVE, COMP, CRV, IMX and YGG recorded transfers of more than $10 million.
Despite varying price performances for these altcoins during the past 24 hours, chart patterns and technical indicators for all 5 of the cryptocurrencies suggested that strong price movements may ensue in the coming 2 weeks. Most notably, CRV showed the most potential for a strong medium-term breakout in the next few days.