Aster’s three-week steady upward trend was abruptly interrupted by deteriorating broader market conditions, sending the altcoin lower. This change reflects growing bearish pressure across the crypto market and puts Astor at risk of further losses.
However, the whales’ behavior suggests that complete collapse may still be averted if their support continues.
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Aster whale standing firm
Aster’s MACD indicator indicates a potential change in momentum.
For the first time, the altcoin is approaching a bearish crossover as the signal line approaches above the MACD line. This correction typically signals a bullish-to-bearish transition and causes increased caution among traders.
The histogram reinforces this warning with shrinking bars indicating that the bullish strength is waning.
A loss of momentum could change investor sentiment and make Aster more vulnerable to further declines. The potential crossover could be the first major momentum reversal for Aster since the uptrend began.
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Despite the weakening indicators, whale activity remains surprisingly strong. Over the past week, addresses holding between 1 million and 10 million ASTER have accumulated 30 million tokens, worth more than $35 million. This consistent buying helped stabilize price movements during the initial volatility.
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Whale accumulation has paused, but these holders have not transitioned to sales. The willingness to hold despite market turmoil provides an important cushion against sharp losses.
If Whale maintains its position, Aster may be able to avoid further declines even if market conditions deteriorate further.
ASTER price may recover
Aster is trading at $1.18, just below the resistance level at $1.20. The altcoin’s nearly three-week upward trend has broken in the past 24 hours, creating uncertainty about its future trajectory.
Considering the current indicators, Aster could regain support at $1.20 and consolidate below $1.28, or move towards $1.39. This outlook relies heavily on bullish stability and continued support from accumulation-oriented investors.
However, if the whales turn around and start selling, Aster’s price could fall to $1.07. Losing that level would invalidate the bullish theory.
This confirms that bearish momentum is in control and could lead to a deeper correction.
