Galaxy Digital has just transferred over 40.8 million ASTER tokens to Binance, equivalent to nearly $68 million in a week. This significant institutional move has boosted the price by 18% in 24 hours, sparking speculation about ASTER hitting the $5 mark. Dive into the technical and fundamental analysis of this attention-grabbing token.
Blockchain data doesn’t lie. A wallet directly linked to Galaxy Digital has made massive transfers of ASTER to Binance over the past seven days. More than 40.8 million tokens have been moved, plus an additional $12 million in deposits within the last 24 hours. This type of institutional movement typically triggers two scenarios: either a massive liquidation strategy or liquidity provisioning ahead of increased market participation.
ASTER’s price reaction suggests traders are leaning toward the second hypothesis. The token has jumped nearly 18% in a single day and now maintains position above the psychological threshold of $1.55. This rapid stabilization following a whale movement indicates healthy absorption of supply by the market. Open interest in ASTER derivative contracts has also increased alongside spot volumes, confirming the entry of new capital.
Historically, when institutional players of Galaxy Digital’s caliber increase their exposure on centralized exchanges, it amplifies the order book depth. This additional liquidity reduces slippage and mechanically attracts more retail traders and market-making bots. Market sentiment around ASTER has significantly improved, with increasing social activity and several crypto influencers mentioning the token in their analyses.
Technical analysis of ASTER reveals a clear bullish structure since bouncing from $0.91 during the last crash. The token is now forming consecutive higher highs and higher lows, a classic sign of an uptrend under construction. Correlation with Bitcoin remains strong: As long as BTC maintains above $100,000, altcoins like ASTER generally benefit from positive momentum.
In the short term, technical indicators suggest a breather before the next impulse. Bollinger bands are tightening, reflecting a compression in volatility that often precedes a strong directional move. The stochastic RSI has just entered overbought territory and shows signs of an imminent bearish crossover. A pullback to the local support at $1.44 remains likely before the next leg up. This level corresponds to the base of the ascending triangle currently forming on the daily chart.
If this support holds and the liquidity brought by Galaxy Digital remains available in the market, ASTER could quickly break through the resistance at $2.10. From there, a bullish continuation towards the $3 to $5 range becomes technically feasible for 2025, especially if the performance of the project’s DEX continues to improve. Some analysts even mention an optimistic scenario toward $8 to $10, although this target would require a favorable macroeconomic context and massive protocol adoption.
Beyond chart analysis, ASTER’s fundamentals are progressively strengthening. The project displays consistently improving on-chain metrics, particularly with increasing revenue generated by its DEX ecosystem. This organic growth naturally attracts the attention of institutional investors seeking projects with real revenue sources rather than mere speculative promises.
The current accumulation phase strongly resembles patterns observed in other altcoins before their major rallies. Whales are accumulating discreetly, volumes are gradually increasing without sudden explosions, and the price is forming a solid base above former resistance levels that have become support. This structural consolidation typically lays the foundation for a sustainable bullish trend. A drop below $1.20 would invalidate this scenario and likely offer buying opportunities at more attractive levels for patient traders.
The narrative linked to Binance also constitutes a significant catalyst. Tokens receiving special attention from the world’s largest exchange often benefit from a halo effect in terms of visibility and liquidity. If Galaxy Digital continues to increase its exposure rather than liquidating its positions, this would send a powerful confidence signal to the rest of the market.
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