Aster shows strength as whale activity increases
Aster traded around 1.06 dollars after a healthy jump in the last 24 hours. The move followed fresh buying from a large holder who added about 3 million dollars in stablecoins and purchased nearly 3 million Aster tokens around the 1 dollar level. This type of buying usually appears when bigger players expect better pricing ahead.
The market structure also supported this shift. Aster moved above a descending price channel that held it down for several weeks. With price staying above 1.046 dollars and slowly moving toward the 1.094 dollars resistance zone, buyers showed steady control. The RSI stayed near 55 which reflected improving momentum without showing any overbought signs.
The breakout signaled that sellers had lost their hold on the trend. Price recovery inside the former channel showed that buyers are stepping in at important support levels. If Aster continues to hold above 1.046 dollars, the next move toward 1.094 dollars may attract more trading activity.
Short positions faced losses during this push. A large number of short trades were cleared while long positions remained mostly stable. This imbalance helped price move higher since short losses commonly support upward continuation during recovery phases.
Funding data also turned positive which showed that traders favored long setups. Rising open interest backed this trend and pointed to stronger participation from the market. Since funding remained steady, there were no signs of excessive risk taking.
Liquidity levels around 1.05 dollars, 1.08 dollars, and the area below 1 dollar may guide the next move. The 1.08 dollars region holds the most influence in the short term because clearing that zone can open the way toward higher resistance levels.
In summary, whale buying, a clean channel breakout, positive funding, and pressure on short positions came together to support Aster’s recovery. The token holds a positive short term outlook as long as momentum stays firm above nearby support.
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