ASTER’s latest itemizing on Binance has pulled the token again into the highlight. Whereas the ASTER worth briefly cooled to below $2 after robust beneficial properties, large-holder exercise and strengthening indicators counsel the story is way from over.
The short-term information factors to a tug-of-war between liquidity positioning and real promoting, but when the bulls are proper, leaving ASTER now may not be the very best determination ever. Extra in order it’s mere 17% south of its latest all-time excessive.
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Mega Whales Accumulate
On-chain information exhibits ASTER’s largest holders are quietly strengthening their grip.
The highest 100 addresses — or “mega whales” — now maintain about 7.84 billion ASTER, up 1.76% in 24 hours. That’s roughly 134 million ASTER, value round $264 million at present costs.
In the meantime, public-figure wallets have additionally grown their holdings by 5.34%, including about 236,000 ASTER (virtually $465,000).
In distinction, smart-money wallets diminished publicity by practically 70%, whereas whales trimmed holdings by 9.97%, promoting about 7.5 million ASTER ( near $15 million).
Alternate balances have surged 59.6% to 625 million ASTER, which may appear like heavy promoting — however that could be deceptive. Given Binance’s new itemizing, a part of this leap could possibly be liquidity repositioning.
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Supporting that, the Cash Stream Index (MFI) — which measures shopping for and promoting stress based mostly on worth and quantity — is trending upward.
If these inflows had been actually sell-driven, MFI would have dropped. As an alternative, it’s rising towards 65, signaling that cash continues to be flowing into ASTER.
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The Bull-Bear Energy (BBP) indicator backs this up. BBP compares shopping for and promoting momentum; when it’s inexperienced, bulls dominate. Since October 5, BBP bars have turned constructive, exhibiting renewed energy.
These two readings collectively counsel the so-called “promoting stress” could be a liquidity mirage, not a pattern reversal.
Hidden Bullish Divergence Retains ASTER Worth Uptrend Intact
The 12-hour chart exhibits ASTER buying and selling inside an ascending triangle (with the ascending trendline appearing as help), a construction that normally favors consumers.
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Between September 30 and October 5, the Relative Energy Index (RSI) — which tracks market momentum — made a decrease low, whereas costs made the next low. That is known as a hidden bullish divergence, a sample that always confirms the continuation of an uptrend courtesy of fading promoting stress.
Key resistance sits at $2.04, $2.27, and $2.43 (ASTER’s all-time excessive). A 12-hour candle shut above $2.27 would affirm breakout energy and will open the door to a brand new excessive above $2.43.
Nevertheless, if the ASTER worth dips below $1.77 after which below $1.66, thereby breaching the triangle on the draw back, the bullish speculation would get invalidated.
So long as RSI stays above 50 and BBP stays constructive, bulls maintain the sting. For now, ASTER’s worth motion tells a easy story: the large holders haven’t left the desk — and neither ought to the market’s consideration.