The crypto market continues to face pressure following the latest FOMC meeting, where the Federal Reserve cut interest rates by another 25 basis points for the third time this year. However, the tone afterward was more cautious than expected. The risks of inflation and signs of slowing growth continue to pressure the prices of most key assets, keeping them largely in negative territory. Nevertheless, during this price pullback, major investors in crypto continue to quietly accumulate assets.

Most purchases focus on three coins that have begun to show signs of recovery or are at points that may break through key levels.

Aster (ASTER)

The price of Aster has dropped by nearly 4% in the past 24 hours, extending the monthly loss to about 14%. However, large investors are moving in the opposite direction.

The holdings of this group of investors have increased by 7.35% in the past day, as they accumulated another approximately 4.59 million coins, valued at around USD4.22 million at current prices. Interestingly, ASTER is one of the rare coins that has seen buying from large investors both before and after the FOMC decision.

This purchase is considered interesting because the chart pattern indicates technical factors that may explain why large investors are choosing to buy.

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From November 3 to December 11, the price of ASTER created higher lows while the RSI fell below its previous levels. RSI, or Relative Strength Index, is a trading strength measurement tool. When prices rise but RSI drops, it creates a hidden bullish divergence, which often indicates that selling pressure is beginning to ease, even if the overall chart still looks weak.

Aster previously exhibited a similar pattern from November 3 to December 1, where such divergence led to a nearly 22% price rebound. The current situation has a similar pattern, and large investors may be preparing for the same recovery.

For the next upward trend, Aster needs to close positively above USD1.08 on the daily chart clearly, which is the point where the previous bounce stopped. If it can break through that line, the price will target USD1.25 and USD1.40, aligning with the next major resistance level.

However, if the structure weakens, downward pressure will also become clear. A daily close below USD0.88 will break the bullish structure and reduce whale confidence. Below that level, ASTER may retest USD0.81 or possibly lower.

Maple Finance (SYRUP)

Maple Finance (SYRUP) continues to decline by about 2.2% in the past 24 hours and has dropped nearly 40% over the past month. However, despite the weakness, crypto whales continue to accumulate. Regular whales increased their holdings by 3.86% in one day, while large whales increased by 4.9%, totaling up to 1.1 billion SYRUP.

This 4.9% increase means that large whales have accumulated approximately 51.4 million SYRUP, valued at around USD14.4 million at current prices. This new accumulation comes after a slightly aggressive FOMC signal, making buying more attractive.

It seems that whales still believe that the support level at USD0.23 can hold the price. SYRUP has hit that level several times since early December and has never broken below it. Therefore, it may be the reason why whales decided to buy, as this token has been moving in a broad range of USD0.23 to USD0.31, with the most recent support test on December 4.

Momentum supports the price in the short term. From December 9 to 11, prices made lower lows, while the RSI rose. RSI, or the Relative Strength Index, measures buying strength. When prices drop but RSI rises, it creates a bullish divergence, which usually indicates a rebound in minor timeframes even in a broader downtrend.

If a rebound occurs, the first target is USD0.31, which is the resistance level that has held since December 6. If it breaks clearly, it opens opportunities to USD0.39 and USD0.48 respectively.

But if the price of SYRUP falls below USD0.23, whale confidence will weaken, and breaking this support level will open opportunities for price corrections and possibly a new structural reversal.

Pudgy Penguins (PENGU)

Pudgy Penguins' price has fallen by nearly 10% in the past 24 hours, but at the same time, crypto whales continue to buy during the price retreat, with whale wallets increasing their holdings by 5.25%, totaling 1.18 billion PENGU. This increase means that whales added approximately 58.9 million coins.

The top 100 addresses, known as mega whales, have shown continuous accumulation, with holdings increasing by 2.85% in the past day, bringing the total to 76.95 billion PENGU, which represents an increase of about 2.13 billion tokens or around 21.3 million USD at current prices. For coins that have recently dropped by double digits, the simultaneous buying strategy of both whales and mega whales is considered rare.

The price chart of PENGU explains why whales continue to buy more, as Pudgy Penguins is forming an inverse head and shoulders pattern on the daily timeframe, which is a bullish reversal pattern that often appears when a downtrend begins to weaken. The neckline is near 0.014 USD and is sloping upwards, indicating an improving buying structure even if the trend has not yet broken out.

Whales may be betting on a breakout if PENGU closes above 0.014 USD. This pattern predicts a potential upward movement of about 35%, with targets near 0.019 USD. This is why large wallets are buying despite the price still being weak.

However, this pattern clearly has a point of invalidation. If Pudgy Penguins falls below 0.010 USD, this pattern will weaken, and if it drops below 0.009 USD, the pattern will end, cutting off the bullish forecast. Therefore, as long as PENGU stays above 0.010 USD, the inverse head and shoulders pattern remains intact, and crypto whales are preparing for a potential breakout.