ASTER prices are under significant pressure. The token is down about 20% in the past seven days and almost 10% in the past 24 hours. The difference in this movement is who is selling it.
After weeks of remaining resolute, Aster’s most loyal companion, the whale, has finally begun to shed its exposure. Both spot and derivatives data are showing caution, and the chart suggests an additional 10% downside risk if major levels fail.
sponsored
Loyal Whales Turn Bearish on Spots and Derivatives
The clearest warning comes from the behavior of beaked whales. In the past 24 hours, Yellow Whales decreased their holdings by 4.05%. After this reduction, the whale balance is 70.39 million ASTER. This means that approximately 2.97 million tokens were sold. At today’s prices, that’s more than $2 million in spot sales.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
This is important because these whale wallets remained consistent buyers during previous declines. The decision to sell during a weak period suggests that confidence in a short-term rebound is waning.
Derived data supports the same message. The top 100 addresses (mega whales) represent large leveraged traders rather than spot sellers, with a 34.42% decrease in positioning. More importantly, the remaining exposure is net short.
sponsored
When both spot and leverage whales reduce risk at the same time, it usually indicates an expectation of price decline rather than temporary volatility.
Smart money keeps moving away
The smart money index raises further concerns. This indicator tracks the behavior of informed traders who tend to take positions early before big moves.
In Aster’s case, the smart money index fell below the signal line around November 22nd and has been declining ever since. This crossover marked a shift from accumulation to distribution. Since then, prices have continued their downward trend, and smart money is not looking back.
sponsored
This tells us something important. Despite ASTER price approaching lower levels within a descending wedge (an otherwise bullish pattern), informed traders are not positioning for a pullback. Until the smart money index rises and regains the signal line, the rally is likely to be sold rather than extended.
Combined with whale behavior, this shows that the selling pressure is not emotional. That’s intentional.
sponsored
ASTER’s price structure suggests an additional 10% risk
On the chart, Aster remains inside the descending wedge, putting pressure on the lower trendline. Bounces often occur with this structure, but only if a buyer emerges. That is not the case at this time.
If the lower trendline breaks, the next downside price target would be around $0.66, which would imply a further 10% decline from current levels. Below that, deeper downside risk spreads quickly. Above $0.66, we add $0.55.
In case of a bullish reset, ASTER price should regain $0.96 at the daily close. That level marks the upper bound of the wedge and matches previous support. Without it, the rebound will remain fixed.
The faithful aster whales are being sold, smart money is being sidelined, and price support is disappearing. Unless buying returns soon, ASTER price is likely to drop another leg.
