Aster (ASTER) Surges 6.6% to $1.23, Breakout Battles Key Resistance Amid Unlock Clarity
Aster (ASTER), a decentralized exchange token backed by Binance that focuses on perpetuals, is holding around $1.23, which represents a 6.6%
Quick overview
- Aster (ASTER) has seen a 6.6% increase in price, currently holding around $1.23, following clarification on token unlock schedules that previously caused investor concern.
- The token recently broke out of a falling wedge pattern but faces resistance at $1.29, with mixed technical indicators suggesting potential volatility ahead.
- Current momentum divergences and a skewed liquidation ratio on Binance indicate downside risks, particularly if support levels fail.
- The next 48 to 72 hours are critical for ASTER, as a daily close above $1.28 could lead to further gains, while failure to hold support may trigger significant sell-offs.
Aster (ASTER), a decentralized exchange token backed by Binance that focuses on perpetuals, is holding around $1.23, which represents a 6.6% increase in the last 24 hours. The increase comes after the initiative cleared up misunderstandings about when tokens will be unlocked, which had scared off investors. However, technical indications show a mixed picture of the asset’s short-term path.
The token recently broke out of a falling wedge pattern, which is usually a sign that the market is going up. However, it now has to pass a key test at the $1.29 resistance level, which is the same level as the bottom on October 14. ASTER had a 14% rise earlier this week, but it has faced selling pressure at this important technical level, causing it to drop about 3% on Monday.
ASTER/USD Technical Indicators Show Conflicting Signals as Momentum Builds
The present price movement shows that there is a battle between bullish momentum and new warning indications. The Moving Average Convergence Divergence (MACD) keeps going up on the 4-hour chart, and the signal line shows that strong bullish momentum is still going strong. The Relative Strength Index (RSI) is dropping from overbought territory at 65, though, as purchasing pressure starts to fade.
On longer periods, two worrying momentum divergences have shown up. From November 2 to November 16, ASTER’s price made a lower high while the RSI reached a higher high. This is a concealed bearish divergence that suggests follow-through is getting weaker. The Money Flow Index (MFI) also made a lower low between November 11 and November 16, even as the price made a higher low. This shows that fewer people are buying dips.
The 200-period Exponential Moving Average (EMA) at $1.19 and the 50-period EMA at $1.12 are the levels of immediate support. If these important moving averages break below, the psychological threshold of $1.00 could be in danger. On the other hand, a clean daily close above $1.28 would make the bearish divergences meaningless and might lead to the October 13 high of $1.59, which crypto expert Crypto Tony calls a “minimal target” based on Elliott Wave analysis.
Leverage Imbalance Creates Downside Risk Despite Bullish Pattern
The liquidation situation on Binance adds further risks for ASTER holders. Long liquidation leverage is currently $25.86 million, while short liquidation leverage is only $6.06 million. This is a ratio of more than 4:1. This significantly skewed stance suggests that the breakout is based on aggressive long bets, which makes it easy for cascade liquidations to happen if the price drops even a little.
If ASTER can’t hold the $1.09 support level, a down to $0.99 could cause a lot of forced long liquidations, which could make any drop happen faster. The momentum divergences that are currently in place make this risk even bigger.
ASTER Token Unlock Confusion Resolved, Supply Concerns Addressed
Aster responded to community concerns after CoinMarketCap listings showed unlock schedules that didn’t match up with what had been said before. This was in light of recent volatility. The data showed that 200 million ASTER tokens will be unlocked on December 15, 2025, and that 5.46 billion tokens would be released in 2035.
The Aster team made it clear that these listings were introduced to fix the data on circulating supply and to make it clear how many ecosystem allocation tokens have vested each month but have never been put into circulation. The team has made it clear that they do not plan to withdraw or spend from this address, which is distinct from operating wallets.
CoinGecko says that ASTER’s circulating supply is close to 2.017 billion tokens, and there are another 6.06 billion tokens that are locked. The project has a market cap of about $2.28 billion and a fully diluted value of more than $9 billion.
Aster Price Prediction: Critical Week Ahead
The following 48 to 72 hours will be very important for ASTER’s medium-term path. To confirm the breakout and go for the $1.50–$1.59 zone, bulls need a clear daily close above $1.28. If this level isn’t reclaimed, the price might drop down to $1.09. If bearish continuation happens, the price could drop to $0.99, where there are a lot of long positions waiting to be liquidated.
Traders should look for volume confirmation on any move over resistance or greater selling pressure if support levels fail, given the current technical setup of a bullish MACD, worrying divergences, and unbalanced leverage posture.Try again
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