Aster's steady three-week uptrend has been interrupted by broader market weakness, dragging the altcoin lower and putting it at risk of deeper losses. The MACD indicator is signaling a potential bearish crossover for the first time, indicating a shift from bullish to bearish momentum, with the histogram showing fading bullish strength.
However, whale activity has provided critical support. Addresses holding between 1 million and 10 million ASTER accumulated 30 million tokens worth over $35 million in the past week, stabilizing the price during volatility. Although accumulation has paused, these holders have not shifted to selling, offering a cushion against declines.
Simultaneously, ASTER broke out of a long-term descending channel, retesting the $1.30–$1.32 zone, which now acts as support. This breakout, accompanied by consistent buying pressure, suggests renewed bullish momentum, with the market cap rising from $2.1–$2.2 billion to over $2.6 billion between November 13 and 19.
Deflationary measures are reinforcing long-term scarcity, with 154 million tokens bought back and 77 million burned, reducing circulating supply by 3.9%. CZ, former CEO of Binance, publicly shared his purchases around $0.9 and added more during dips, boosting speculative interest.
Price analysis indicates ASTER could reclaim $1.20 as support and target $1.39 or even $2.60–$2.70 with sustained momentum, but a fall to $1.07 is possible if whale support reverses.
