Aster Plunges 10% While Whale Buying Spree Points to $3.16 Target
Aster takes a 10% hit—but deep-pocketed investors see blood in the water as accumulation patterns signal a run toward $3.16.
Whale Movements Defy Market Jitters
While retail traders panic-sell, crypto whales are loading up on Aster positions. These massive wallets don't move without conviction—their buying pressure often precedes major price breakouts.
Technical Setup Favors Bulls
The chart formation suggests this dip represents a classic shakeout before the next leg up. Key support levels held despite the sell-off, creating a springboard for the projected 10% rebound toward that $3.16 target.
Institutional Money Talks
Whale accumulation at these levels mirrors patterns seen before previous Aster rallies. The smart money appears to be positioning for what traditional finance would call an 'irrational' move—proving once again that crypto markets dance to their own beat.
- Aster faces heavy selling after a massive weekly surge.
- A whale buys $115M worth of ASTER, sparking speculation.
- Fibonacci levels highlight $1.85 as a key support zone.
- Community votes show a strong majority remains bullish.
Aster is currently under notable bearish pressure as broader market confidence weakens. The token has dropped 10.18% in the past 24 hours, signaling a cooldown after its strong performance earlier in the week. Despite the decline, the past seven days still mark an impressive 203.31% surge, highlighting the volatile nature of its trading activity.
At press time, the token is trading NEAR $1.81. Its 24-hour trading volume stands at $2.55 billion, down 10.1% over the same period. The market capitalization has also slipped to $3.05 billion, reflecting the cautious sentiment emerging across the sector. The sharp drop suggests traders may be locking in profits, while others hesitate amid broader market uncertainty.
Whale Accumulation Sparks Speculation
Market attention intensified after a whale purchased 55 million ASTER tokens over just two days, valued at $115 million. Such an aggressive accumulation is often seen as a strong vote of confidence. The MOVE raised questions across the community about whether the buyer anticipates a key development or simply sees Aster as undervalued.
This purchase has stirred debate within trading circles. Some speculate the whale is preparing for an announcement that could shift sentiment, while others believe it signals long-term conviction. Regardless of motive, the sheer scale of the acquisition means market participants will closely track Aster’s price reactions in the coming sessions.
ASTER Technical Outlook Highlights Critical Levels
According to analyst VIRTUAL Bacon, Aster is trading at $1.83, resting just below the 0.5 Fibonacci retracement level at $1.85. The token recently corrected from a peak of $2.44, reflecting profit-taking activity. Holding above $1.85 remains essential, as it could trigger a rebound toward $1.99 and potentially extend to $2.18.
If the momentum continues above $2.44, Aster can accelerate towards $3.16. Otherwise, a breach of the $1.85 zone will open up steeper downside first towards $1.71 and then towards $1.53. A breach below $1.53 will confirm more intense downward pressure and breach the overall bull pattern. Traders are considering the $1.85 zone as an important pivot of the next market phase.
Sentiment Tilts Strongly Bullish
This chart shows community sentiment based on 18.9K votes. A significant majority, 80%, had a bull’s-eye vision of the asset’s potential, expecting the asset’s price to surge. This sentiment is represented graphically by a powerful green bar pointing upwards, topped by an upwards-pointing blue arrow, with a “Bullish” label superimposed over a green-border button.
On the other hand, there are only 20% of the voters holding a bearish view that the market or asset will decline. It is depicted by a small red segment of the bar along with its downward-oriented arrow, also containing a red-bordered “Bearish” button. The overall graphical indicator reflects majority-held optimism.
