As the overall market environment improves, Aster (ASTER) has also steadily risen a bit, currently priced around 0.9562 USD, with a 24-hour increase of 2.24%. The overall trend is considered relatively positive.
However, it’s worth highlighting large holder 0xFB3B. Just 8 hours ago, he withdrew 13.44 million ASTER (approximately 13.04 million USD) from Binance. Movements of this scale usually indicate that the market may be about to experience fluctuations.
What's even more impressive is that this large holder previously withdrew 64.53 million ASTER (about 133.68 million USD) when ASTER surged to around 2.07 USD on Gate.io. Withdrawals of this magnitude, often in the 'ten million' or 'hundred million' range, are generally seen as market indicators, so everyone is naturally paying close attention.
Interestingly, this whale later deposited the same 64,530,000 ASTER back to Binance at a price of $1.54, resulting in a paper loss of $34.5 million. This operation once again illustrates that the volatility of medium-sized tokens like ASTER is indeed significant; even large players and whales can be educated by market conditions.
Has ASTER broken through the channel and is it aiming for a new high?
Currently, ASTER is still oscillating in a very obvious downward channel, characterized by a typical trend of 'lower highs and lower lows.' However, from a technical perspective, this downward channel is nearing its end and there are signs of a breakout. If it can break through smoothly, ASTER's trend may strengthen again, and there may even be an opportunity to challenge new highs.
However, ASTER has just arrived at a key point for breaking the channel. If it gains momentum in the next few days, there is a chance to directly surge towards the historical high of $2.50. Once the breakout is successful, not only will ASTER see a wave of strong buying, but the overall market sentiment will also be boosted. The performance of ASTER in the coming days will be very important; only by stabilizing the trend and continuing to strengthen can it pull the rhythm back to a bullish track.
If the trend line is broken, ASTER could directly surge to $1.20!
At the same time, ASTER is now stuck near a key resistance level, which can be said to be 'a make-or-break moment.' If it can successfully break through this resistance, it may lead to a new round of upward movement.
If ASTER successfully breaks through the trend line, the upward targets are approximately $1.13 (50% Fibonacci retracement level) and $1.20 (61.8% Fibonacci retracement level). These levels often become key areas for price acceleration or brief consolidation. The current market sentiment leans towards buyers, suggesting that bulls are in a dominant position.
