Aster Surges with Renewed Strength, Is $2.10 the Next Critical Breakout?
- Aster posts a daily surge of nearly 10.73% with rising trading volume.
- Whale accumulation fuels speculation of long-term bullish sentiment.
- The critical $1.86 support was reclaimed, but resistance near $2 remains.
- A sharp reversal to $0.96 signals a breakdown in structure and bearish risks.
Aster is demonstrating renewed strength as the broader crypto sector regains confidence. Over the last 24 hours, the token surged 10.73%, extending its weekly gains to 1.96%. At press time, the token is trading at $1.92 with daily trading volume climbing to $1.13 billion, an increase of 11.34%. Its market capitalization stands at $3.27 billion, up by 10.67%.
This performance signals investor optimism despite volatility across the market. Surging liquidity highlights increasing participation from both retail and institutional traders. The ability of the token to push higher even in a mixed environment underscores its resilience, drawing renewed attention to its short-term trajectory.
Also Read: Aster Price Analysis: $ASTER Eyes Breakout Toward $2.08 Target
Whale Buying Adds to Market Momentum
Whale activity further strengthened market sentiment. A notable whale address, 0x2459, purchased 2.74 million ASTER tokens worth $5 million in a single transaction today. This aggressive accumulation lifted the whale’s total holdings to 3.07 million ASTER, now valued at nearly $5.95 million.
Such moves often ripple through the market, fueling speculation of further upside. Large-scale purchases are generally seen as a sign of confidence, suggesting that influential investors are betting on Aster’s long-term value. With liquidity numbers increasing and crucial areas for assistance being regained, numerous traders now eagerly await the next clear actions of the token.
Aster Faces Shift From Breakout to Breakdown Risk
From a technical perspective, the token has turned bullish after breaking out of an aged bearish shape. The token sets higher highs and higher lows, assisted by an uptrend line that now also plays the role of dynamic support. Recovery of the $1.86 level enhances the argument for further rally on the horizon, as the ongoing trading behavior consolidates just below $2.00.
Technical analysts note resistance between $1.95–$1.9694, right below the psychological $2.00. A clear cut through this area will probably see the market take off for $2.10, coinciding with the 61.8% Fibonacci retracement level. Lack of holding the $1.8644 support will see the market go for $1.72–$1.75 for possible test purposes, but until the downtrend line caves in, the bullish configuration still holds.
Overall, Aster’s configuration supports continuation to the higher side. Traders await verification above $1.97 for an unsullied breakout toward $2.10 as the important stage of its rebound trajectory.
Also Read: Aster Market Momentum Signals Next Bullish Move Toward $2.4389
