Aster Whales Bought 51 Million Tokens – Will Price Rally?
Aster whales accumulated over 51 million ASTER tokens, signaling potential upside despite the coin trading sideways under resistance.Summary
Aster (ASTER) has been trading sideways near $1.04, struggling to break resistance, particularly the untested zone known as "The Void." However, large investors, or whales holding between 1 million and 10 million ASTER, have accumulated over 51 million tokens (worth about $53 million) since November, suggesting growing confidence.
On-chain indicators, like the Squeeze Momentum Indicator showing a developing squeeze with building bullish momentum, suggest a significant volatility breakout is imminent. If this momentum holds, ASTER could break its current consolidation range of $0.91 to $1.25, potentially targeting levels past $1.50.
Conversely, failure to break out or a weakening market sentiment could cause the price to drop below the critical $0.91 support level, potentially leading to a decline toward $0.80 and invalidating the current bullish outlook.
(Source：BeInCrypto)