ASTER Whales Accumulate Despite the Dip — 4 Bullish Signs They Might Be Watching
Despite a 4% dip, ASTER whales are accumulating, supported by positive MACD signals and a broadening falling wedge pattern.Summary
Despite Aster (ASTER) price slipping by about 4% recently, large holders, or whales, are actively accumulating the token, suggesting anticipation for a recovery. Small whales increased holdings by 2.3%, and mega whales (top 100 addresses) added 0.15%, totaling about $11.93 million in accumulation in one day, a move often seen near the end of downward trends.
Four bullish signs are being watched: On the Moving Average Convergence Divergence (MACD), histogram bars are turning lighter red (easing selling pressure), the MACD line is curling upward toward the signal line, and a bullish divergence formed between October 17 and 22 (price made a lower low while MACD made a higher low). This setup previously preceded a nearly 20% rally.
The fourth bullish sign is the price structure, which shows a broadening falling wedge pattern, often preceding sharp reversals. Key support is at $0.93, with resistance at $1.12; a breakout above this could target $1.28 and $1.53, potentially leading to a breakout above $1.79 if the move holds.
(Source：BeInCrypto)