Aster (ASTER) has shown remarkable resilience, managing to reclaim the $1.00 psychological threshold this November 5th. The asset is currently trading at $1.01, showing stability after weeks of high volatility. Recent data from the Santiment platform reveals this firmness is no accident. The price is being supported by strong ASTER whale accumulation, signaling renewed institutional confidence in the project’s future.
The on-chain data analysis is conclusive. Large investor wallets, those holding between 10 million and 100 million ASTER, have massively increased their holdings. Specifically, over the last week, these key players purchased more than 154 million ASTER. This impressive acquisition is valued at approximately $155 million. This strategic move suggests that whales view the current price levels as an optimal and attractive entry point, betting on a recovery.
The ASTER whale accumulation is a vital indicator. It acts as a catalyst that reinforces bullish sentiment among retail investors and the broader market. However, it is not the only positive sign. Other technical indicators also support the buying momentum. The Chaikin Money Flow (CMF) has finally turned positive. This event marks the first time in four weeks that the CMF has entered sustained positive territory. This shift indicates that capital, from all investor groups, is actively flowing back into ASTER.
Is this massive purchase the definitive signal for a new sustained rally?
The confluence of whale accumulation and a positive CMF is creating a solid foundation for the price. The cryptocurrencies market is closely watching this action. Defending the $1.00 support is crucial for the short-term outlook. If this buying momentum, led by institutional capital, continues, the price of Aster could rise toward the first key resistance zone, located at $1.15. Breaking this barrier would open the path to the next bullish target of $1.25. Such a move would likely attract a new wave of speculative capital inflows.
Nonetheless, optimism must be cautious. The market remains volatile, and risk persists. If broader investor sentiment were to weaken, selling pressure could intensify quickly. A drop below the critical $0.95 support would invalidate the current bullish outlook. This negative scenario would expose ASTER to deeper supports. Technical analysts are already pointing to the $0.88 or even $0.80 levels as the next floors the price could test if demand fails to hold.
