Aster Whales Bought 51 Million Tokens – Will Price Rally?

Aster (ASTER) has been trading sideways for nearly a month, showing limited volatility as it struggles to break through resistance. The altcoin remains trapped under “The Void,” a previously untested resistance zone that must be cleared for meaningful recovery. However, whale accumulation hints at rising optimism among large investors. Aster Whales Could Trigger The Recovery Whales have become increasingly active over the past few weeks, signaling growing confidence in Aster’s long-term outlook. On-chain data reveals that addresses holding between 1 million and 10 million ASTER have accumulated over 51 million additional tokens since the start of November, equating to roughly $53 million in value. This surge in large-wallet accumulation suggests whales are positioning for potential upside. Historically, such accumulation phases precede sharp rallies, as these investors tend to buy at perceived market bottoms. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Aster Whale Holding. Source: Santiment The Squeeze Momentum Indicator currently indicates a developing squeeze, marked by black dots that typically precede a significant price move. This setup often signals a volatility breakout, suggesting that Aster could soon see stronger directional movement. Currently, the indicator’s green bars indicate that bullish momentum is building within this phase. If this bullish volatility expands, ASTER could finally escape its tight range, with buying pressure propelling it toward higher price levels. However, squeezes can occasionally flip bearish if market sentiment weakens or broader conditions turn negative. ASTER Squeeze Momentum Indicator. Source: TradingView ASTER Price Faces Resistance ASTER’s price stands at $1.04, maintaining a stable position above the $1.00 psychological level. While this support has held firm, the more critical floor lies at $0.91, which has underpinned price action throughout the recent consolidation phase. $0.91 and $1.25 make up the consolidation range for ASTER. Above $1.25 lies “The Void”, a previously untested resistance zone, breaching which is necessary to recover October’s 55% losses. The above-mentioned factors suggest this is likely for ASTER, which could push the price past $1.50 and towards $1.63. ASTER Price Analysis. Source: TradingView If market sentiment weakens, however, Aster could extend its sideways pattern or fall below $0.91. Such a drop could trigger a decline toward $0.80, invalidating the current bullish thesis and delaying recovery prospects. The post Aster Whales Bought 51 Million Tokens – Will Price Rally? appeared first on BeInCrypto.