Four Altcoins Flash Buy Signals as Binance Restores Withdrawals, Analyst Says
Key Takeaways
- •Binance resumed withdrawal services after a hack that resulted in approximately $6.30 billion in stolen funds, with $2.36 billion in USDT outflows recorded in the aftermath.
- •The FBI attributed the attack to North Korean hackers, and President Donald Trump said the United States would talk to North Korea about its involvement.
- •Analyst Ali Charts identified daily TD Sequential buy signals in Cardano, Algorand, Aave, and Raydium following the breach.
- •Cardano fell 36% to about $0.182 and Algorand dropped 38% to $0.089 by October 30, with $0.20 and $0.100 respectively identified as the key levels to watch.
- •Aave has recovered 16% since its October 30 buy signal with $155 in focus, while Raydium produced a new buy signal and its resistance trendline near $1.90 is being monitored.
Binance has begun restoring withdrawal services following a hack that resulted in roughly $6.30 billion in stolen funds, while analyst Ali Charts has identified buy signals in four altcoins: Cardano (ADA), Algorand (ALGO), Aave (AAVE) and Raydium (RAY).
The exchange recorded $2.36 billion in USDT outflows alone in the aftermath of the breach, an outflow figure that highlights how much user money moved off the platform during the disruption. The FBI attributed the attack to North Korean hackers, whom US authorities have repeatedly linked to major cryptocurrency thefts, and United States President Donald Trump said the United States would talk to North Korea about its involvement.
Binance Resumes Withdrawals After $6.30 Billion Hack
Ali Charts said the market was weathering the fallout of the hack as Binance resumed withdrawal services. The restoration of withdrawals is a key operational milestone for the exchange, since it returns users' ability to move funds on and off the platform. The analyst highlighted four assets displaying potential reversal setups: Cardano, Algorand, Aave and Raydium. The TD Sequential, a timing indicator developed by market technician Tom DeMark, is used to flag potential turning points in price trends.
ADA and ALGO Face Immediate Price Levels
Cardano declined 36% after reaching $0.282 on October 6. The asset then dropped to approximately $0.182 on October 30, when its daily TD Sequential indicator flashed a buy signal. Ali Charts is watching $0.20 as the next level for ADA, noting that a move above that price could open a path toward $0.23.
Algorand recorded a similar decline during October. ALGO fell 38% from $0.144 on October 8 to $0.089 on October 30, and its daily TD Sequential also produced a buy signal. The analyst identified $0.100 as the level to watch, with a break above it potentially confirming the setup and placing $0.113 in focus. Cardano and Algorand both run layer-1 blockchain networks, making their tokens common reference points for broader altcoin conditions.
AAVE and RAY Show Different Rebound Setups
Aave has already recovered 16% since its TD Sequential buy signal appeared on October 30. According to Ali Charts, continued buying pressure could extend the move toward $155, where the setup's resistance trendline could become the next hurdle. Aave operates as a decentralized lending protocol in the decentralized finance sector.
Raydium, meanwhile, has produced another daily buy signal. Ali Charts noted that earlier TD Sequential signals tracked RAY's price movements: an October 10 sell signal preceded a 30% correction, while an October 18 buy signal came before a 16% rebound. The analyst is watching the resistance trendline near $1.90 if the latest RAY signal holds. Raydium functions as a decentralized exchange built on Solana, adding a Solana-ecosystem name to the analyst's list. With withdrawals restored and all four tokens near analyst-defined levels, the pace of Binance's operational recovery and each asset's behavior at these zones are the immediate data points for observers to track.
