The altcoin Aster (ASTER) is catching the eye of savvy investors, with whales accumulating over 51 million tokens in November. This on-chain activity aligns with a bullish signal from the Squeeze Momentum Indicator.
On-chain data reveals significant accumulation activity since early November. Addresses holding between 1 million and 10 million ASTER tokens have collectively added over 51 million units to their portfolios, representing approximately $53 million in investment. This concentration of capital in the hands of large investors constitutes a major technical signal for traders.
Historically, these accumulation phases often precede significant price movements. Whales tend to position themselves during consolidation periods, anticipating a rally before the retail market reacts. The timing of this accumulation suggests growing confidence in Aster’s fundamentals and its short-term prospects.
The behavior of these institutional investors contrasts with the relative apathy of the broader crypto market. While the price stagnates, smart money is positioning strategically. This divergence between price action and on-chain accumulation often creates conditions for explosive volatility.
ASTER’s price is currently trading around $1.04, maintaining the psychological level of $1.00 as immediate support. The technical structure reveals consolidation within a well-defined range between $0.91 and $1.25. This range represents a typical accumulation zone before a major directional move.
Above $1.25 lies what analysts call “The Void” – an untested resistance zone since previous highs. A breakout beyond this technical level would open potential for recovering the 55% losses recorded in October. The absence of historical resistance in this zone could facilitate rapid momentum acceleration.
The Squeeze Momentum Indicator has just turned bullish, confirming the volatility compression observed in recent weeks. This technical signal, combined with whale accumulation, creates a favorable setup for bulls. Critical support at $0.91 remains decisive: losing this level would invalidate the bullish scenario and expose ASTER to a correction toward $0.80.
Related articles:
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
