The Aster token (ASTR) has recently experienced a sharp 10% correction, dropping to $1.5 after weeks of excitement. Despite this surprising decline, fundamentals are strong, and signs point to an imminent technical rebound. Is it time to seize the opportunity and reposition, or should investors wait for a clearer signal before strengthening their positions?
The Aster market is experiencing a phase of increased volatility after a whale liquidated a position worth approximately $12 million. This significant sale has created substantial selling pressure, pushing the token below the psychological threshold of $2. On-chain data reveals that this transaction represents one of the largest capital outflows recorded on Aster in recent weeks.
This type of movement isn’t unusual in the crypto ecosystem. Large positions can significantly influence short-term price action. The question now concerns the market’s ability to absorb this supply. We must also consider the strength of current support levels. Trading volumes have naturally increased during this correction, indicating active trader participation.
Despite this sharp drop, certain technical indicators suggest that the selling pressure may be waning. The RSI is approaching oversold territory, while the Bollinger Bands show an expansion characteristic of high volatility phases. These often precede a reversal. If you believe this is the right moment, you can easily buy ASTER on Bitget.
Contrary to the massive sell-off orchestrated by the whale, on-chain data shows an opposite trend among retail holders. Wallets holding less than 10,000 tokens have increased their positions during the correction. They’re taking advantage of attractive prices to accumulate. This divergence between whale behavior and retail investors constitutes an interesting signal for market sentiment analysis.
Accumulation by smaller investors suggests persistent confidence in Aster’s fundamentals, despite recent volatility. These retail purchases create organic demand that can stabilize the price and set the stage for a technical rebound. Historically, this type of divergence between large and small positions has often preceded consolidation phases followed by bullish recoveries.
Centralized exchange platforms also report an increase in buy orders in the $1.90 to $2 support zone, reinforcing the hypothesis of strategic accumulation by traders looking to position their entries at levels deemed attractive.
The most encouraging signals come from the Aster futures market. Futures data shows rising open interest accompanied by a positive funding rate, indicating that institutional traders are largely anticipating a bullish short-term movement. The technical target of $2.26 appears realistic if the current support zone holds.
Resistance levels now sit at $2.10 and $2.26, while critical support is around $1.85. A return above $2 with sustained volume could trigger a series of short position liquidations, amplifying the bullish movement. The market structure remains largely intact despite the recent correction.
Traders are also monitoring momentum indicators like the MACD which is beginning to show signs of bullish convergence. If this configuration is confirmed with a positive crossover, the scenario of a rebound toward $2.26 would gain credibility and could attract new buyers looking to ride a short-term trend.
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