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Aster is gaining strong market attention after a sharp 15% surge that pushed the token to a new monthly high. The altcoin is benefiting from renewed demand and growing confidence among large investors.
This rally follows rising accumulation from major holders who expect continued upside for $ASTER in the near term.
Aster Holders Take The Lead
Whales have taken an aggressive position in $ASTER, signaling a decisive shift in market sentiment. In the past two days, addresses holding between 100 million and 1 billion $ASTER accumulated nearly 230 million tokens. This buying spree, valued at more than $310.5 million, highlights strong conviction from high-value investors.
The rapid accumulation supports the current price recovery and creates a favorable environment for further gains. Large holders often influence liquidity and short-term direction. Their renewed interest positions $ASTER for potential growth.
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Macro indicators also align with Aster’s bullish outlook. The squeeze momentum indicator shows a developing squeeze, suggesting compressed volatility and building pressure. This setup often precedes a significant move, giving traders a clear signal that momentum is shifting toward buyers.
If the squeeze releases in a bullish direction, $ASTER could see a sharp rise in volatility accompanied by strong price expansion. This pattern has historically supported rapid upside moves across similar mid-cap assets.
$ASTER Squeeze Momentum Indicator">
$ASTER Price Takes A Hike
$ASTER price is up 15% over the last 24 hours, sitting at $1.35 at the time of writing. The altcoin is just under the $1.39 resistance, marking a monthly high.
A successful move past $1.39 will depend on sustained investor support. Strong whale accumulation and bullish macro signals suggest the momentum is present. Clearing this barrier could propel $ASTER toward $1.50, with potential for even higher targets if market conditions remain favorable.
$ASTER Price Analysis. ">
However, failure to breach the resistance may expose $ASTER to a pullback. A decline to $1.25 is possible if uncertainty increases, and a deeper slide to $1.15 remains a risk. Losing that support would invalidate the bullish outlook and could push $ASTER toward $1.00 as sentiment weakens.
The post Aster Price Jumps 15%, Aims At $1.50 As Investors Begin Accumulation appeared first on BeInCrypto.