Aster Price Jumps 15%, Aims At $1.50 As Investors Begin Accumulation
Aster's price surged 15% to a monthly high, driven by significant accumulation from large investors and bullish technical indicators.Summary
The Aster (ASTER) token has experienced a sharp 15% price increase, reaching a new monthly high of $1.35, fueled by renewed demand and strong confidence from major investors, often referred to as whales. These large holders have aggressively accumulated nearly 230 million ASTER tokens in the last two days, a buying spree valued over $310.5 million, signaling strong conviction for future upside.
Macro indicators support this bullish outlook, as the squeeze momentum indicator suggests compressed volatility that often precedes a significant upward price move. If this momentum continues, ASTER is positioned to challenge the $1.39 resistance level.
A successful breach above $1.39 could propel the price toward the $1.50 target, with potential for further gains. Conversely, failure to overcome this resistance might lead to a pullback, with potential support levels at $1.25 and $1.15.
(Source：BeInCrypto)