- ASTER trades near the $1.24–$1.30 zone as analysts watch how rising channel structure and key moving averages influence short-term direction.
- A long-term buyback program exceeding $55 million continues, with over 52 million ASTER accumulated and strong activity recorded in recent sessions.
- Whale 0x6834 increases exposure after a 38-day long position, adding 1 million USDC and bringing holdings to 2.3 million ASTER overall.
ASTERs series of technical developments, large-scale buybacks, and whale activity have shaped short-term sentiment. Price movement approached a well-watched resistance band, creating a decisive stage for upcoming sessions.
Technical Structure and Market Levels
ASTER appeared across trader commentary as charts showed a move toward the $1.24–$1.30 supply zone. Analysts noted that price remained inside a rising channel, with momentum improving on lower timeframes.
However, the 200-day moving average sat directly above the current range, limiting upside potential unless a clean breakout formed.According to a market update, a failure to clear $1.30 could send ASTER toward nearby supports at $1.18 and $1.12.
The broader channel structure suggested that a deeper slide might emerge if the lower boundary failed, with demand waiting near $0.92–$0.98. Traders monitored this area as a possible reaction point should the trend weaken.
Still, short-term structure continued to hold as higher lows developed. Momentum remained optimistic for as long as buyers protected the mid-range supports, keeping market participants cautious but attentive.
Chart Breakout Discussions Among Analysts
Captain Faibik referenced an earlier breakout from a descending channel, noting a 20% gain after price moved through its upper boundary. His chart outlined a shift from consistent lower highs to early signs of higher lows, a pattern that suggested improving structure during recent sessions.
He pointed to a projected move of nearly 48% based on the height of the previous impulse before the corrective period. Volume expansion into the breakout added interest among traders watching for continuation, though he mentioned that channels can create premature moves before confirmation forms.
Market participants also observed a retest of the former trendline, which now acted as support. This step kept bullish traders active while others waited for a stronger confirmation above the supply band.
Buyback Activity and Whale Accumulation
Popular trader Momin discussed a buyback program that surpassed $55 million in total spending. The linked dashboard recorded more than 52 million ASTER purchased at an average of $1.071, showing active accumulation over an extended period.
Recent activity showed more than 1.6 million ASTER acquired within 24 hours, paired with sizable transaction fees. Traders viewed the scale as a notable display of market participation during a period of restricted liquidity.
Coin Bureau added that whale address 0x6834 increased exposure after holding long positions for 38 days. The wallet added 1 million USDC and now holds 2.3 million ASTER, reinforcing attention on near-term price behavior around the $1.30 barrier.
