Aster Price Breaks Out, Will Whale Moves and Airdrop Fuel a Rally?

The post Aster Price Breaks Out, Will Whale Moves and Airdrop Fuel a Rally? appeared first on Coinpedia Fintech News

Over the past 24 hours, Aster price surged by an impressive 12.14%, clawing back from a sharp 21.92% weekly decline. This rebound isn’t just about a bounce, it’s driven by 3 compelling factors. First, the anticipation of Stage 2 airdrop claims, unlocking 4% of ASTER’s supply worth $570 million. Active whale accumulation during last week’s dip, and a technical recovery that’s sparking new momentum. 

As a trader watching these developments, it feels like a pivotal moment. The volume and volatility suggest something big could be brewing. With Aster priced at $1.51 and a market cap of $3.05 billion, the scenario is shifting rapidly.

Aster Price Analysis:

Today’s bounce pushed ASTER’s price to a high of $1.53, reclaiming key moving averages. On the 4-hour chart, the RSI-14 has surged from a low of 45 to about 55.77, signaling a shift out of oversold territory. This recovery coincided with a healthy jump in trading volume, up 45% to $1.31 billion.

Crucially, the price closed above the 7-day SMA at $1.51, a technical zone closely watched by short-term traders. Many have interpreted this SMA crossover and RSI rebound as a signal that selling fatigue may be over, at least for now. 

However, resistance is visible at $1.65, near September’s swing high. If ASTER decisively breaks this level, the next target could be $1.80. Conversely, if momentum stalls, support sits near the $1.31 low from earlier today.

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