ASTER Defies Whale Selloff, Holds $0.70: Is a $20 Breakout Next?
Whales dump, price holds. ASTER's resilience at the $0.70 level is turning heads—and raising a critical question for the market.
The Whale in the Room
A major selloff hit the books, the kind that typically sends charts into a tailspin. Yet, ASTER absorbed the shock. The support held. That's not just technical strength; it's a signal of underlying demand strong enough to swallow a whale-sized order without blinking.
From $0.70 to $20: The Math of Mania
A climb to $20 isn't just a rally; it's a metamorphosis requiring a near 30x surge. For context, that's the crypto equivalent of a startup becoming a Fortune 500 company overnight—possible, but it demands more than just hope and a catchy ticker. It needs a catalyst that rewrites the project's entire narrative, something that makes traditional finance guys mutter about tulips over their martinis.
The Path Forward
Forget vague promises. The breakout case hinges on concrete triggers: a major protocol upgrade that actually gets used, a partnership that moves real volume, or a market cycle where liquidity chases the next big narrative. Without that, the $20 talk is just another price target scribbled on a digital napkin.
The floor is set. The ambition is sky-high. Now, ASTER needs to build the rocket.
ASTER Holds $0.70 Support, Eyes $20 Long-Term Target
Moreover, the crypto analyst, Crypto Patel, highlighted that the ASTER price has since retraced back to the $0.70 region, hitting exactly the same spot that was identified in the previous analysis as the first accumulation region. The identified region appears to be a demand region where purchasing activity is just about to absorb the selling action. Technically, it appears that $0.70 might just end up being a base.
Source: Crypto Patel
In terms of an accumulation perspective, the key level is still centered at 0.70, with a secondary level at 0.50 only in the event of further weakness. Despite short-term market uncertainty and possible short-term movements, the fundamental outlook remains intact, with model-predicted levels of $10-$20 again targeted under complementary market conditions.
ASTER Technicals Suggest a Corrective Phase
The 4-hour chart for ASTER is firmly bearish, as there are lower highs and lower lows below the 20-period SMA. The proximity to the lower Bollinger Band indicates excessive selling, while levels around 0.75 to 0.86 are significant resistance, and 0.68 represents temporary support. Volatility still trends negatively, keeping market control firmly with the sellers.
Source: TradingView
Momentum indicators reinforce the bearish bias as the MACD remains in the bearish zone despite a slight improvement in the histogram. RSI is highly oversold in the late 20s; thus, it may rebound soon but does not yet signal an opportunity to buy. Overall, ASTER looks weak with only possible support at current levels unless it recovers the moving average and the middle Bollinger Band.
Also Read: Aster DEX Buybacks Could Drive ASTER Price Toward $1.10 Breakout
