$ASTER is trading at $1.06 up 9.76% after successfully breaking out of a multi week long downtrend channel. The bullish momentum was fueled by a massive whale buy and a collapse in the Short side.
🔹 A whale pumped $3 million USDC & USDT to buy 2.996 million ASTER at $1.
🔸 The derivative market is tilted heavily in favor of the Bulls.
In the last session, Short suffered heavy losses with $617.53K liquidated, while Long lost only $8.73K. This imbalance created pressure to push prices higher Short squeeze.
A positive Funding Ratio 0.0051% combined with rising Open Interest show that traders are confident in betting on the continuation of the uptrend.
🔹 $ASTER has broken out of the descending channel, holding support above $1,046.
All factor from whale money, technical to derivative are converging to support the next explosion.
Do you think this $3 million inflow is enough to push $ASTER to break the resistance level of $1,094?
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