TLDR
- Aster is nearing its first bearish MACD crossover after a three-week uptrend.
- Whales accumulated 30M ASTER recently but have paused buying without selling.
- Price is hovering near $1.18 with resistance forming at $1.20 amid weak market signals.
- A drop to $1.07 could occur if whale support fades and selling begins.
Aster’s three-week uptrend has been disrupted as broader crypto market weakness pushes the altcoin into a vulnerable zone. The MACD is nearing a bearish crossover, raising concerns about a potential momentum reversal.
Although technical indicators are weakening, whale investors have helped maintain market stability through heavy accumulation. The altcoin currently trades near $1.18, just below a key resistance level.
Bearish MACD Crossover in Focus
Aster’s MACD indicator is showing the early signs of a bearish crossover. The signal line is closing in on the MACD line, which often signals a potential decline in price momentum.
This would mark Aster’s first such crossover since the start of its recent uptrend. Shrinking histogram bars further confirm weakening bullish pressure. If the crossover confirms, traders may prepare for more downside movement.
Market-wide bearish trends have contributed to the slowdown. Aster’s price has fallen below the $1.20 resistance level, and indicators show that buyer interest is weakening.
Whales Accumulated but Are Now Paused
Addresses holding between 1 million and 10 million ASTER accumulated around 30 million tokens during the past week. This buying spree totaled over $35 million in value.
Despite market turbulence, these large holders have not yet begun selling their positions. The decision to hold has helped prevent sharp declines in price, offering stability during volatility.
Although accumulation has paused, no signs of mass liquidation have emerged. This holding pattern by whales is now seen as a critical buffer that could protect Aster from falling further if market weakness persists.
Current Price Action and Support Levels
As of now, Aster is trading at $1.18. The price briefly dropped from above $1.20, reflecting the impact of waning bullish momentum. The immediate resistance sits at $1.20, while further upside could test levels at $1.28 and $1.39 if buying pressure returns.
However, the continuation of this upward move depends largely on whether whale support continues. If these large holders start selling, the price could slip to $1.07, invalidating recent bullish efforts.
Failure to hold $1.07 may lead to a broader correction, especially if general market weakness continues to affect trader sentiment and technical performance.
Market Sentiment Remains Uncertain
The broader crypto market remains under pressure, contributing to bearish behavior across altcoins. Despite this, whale investors in Aster have not reacted negatively.
According to data from Santiment, whale addresses have stayed relatively unchanged in their positions since their recent accumulation. This has limited downward pressure on Aster’s price despite the changing momentum on technical charts.
MACD patterns and whale activity will be key indicators to watch in the coming days. Any shift in whale behavior may determine whether Aster rebounds or breaks lower.
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