ASTER price has fallen about 4% over the past day, but large holders have not retreated. Instead, they seem to be quietly positioning themselves on what could be the next leg of the token recovery. On the chart, momentum has changed after several days of pressure and a familiar pattern is starting to form.
These early hints could be what the whales are tracking as they accumulate through the dip.
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When the momentum turns positive, the whale buys a push.
On-chain data shows that large Aster wallets are adding more tokens despite the drop. In the past 24 hours, the small whale holdings increased by 2.3%, adding approximately 221,900 ASTERs, bringing the total holdings to 9.87 million ASTERs.
Meanwhile, Mega Whale, the top 100 address, increased its holdings by 0.15%, gaining approximately 11.7 million ASTER, for a total of 7.82 billion ASTER.
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In total, the whales accumulated approximately 11.93 million ASTER in one day. This equates to approximately $11.93 million at current ASTER price levels. This type of coordinated build-up is often seen near the end of a downturn, when strong hands begin to absorb the volume of weak selling.
The whales may be reacting to what’s happening with momentum. The Moving Average Convergence Divergence (MACD), which measures trend strength by comparing short-term and long-term averages, is currently flashing three bullish signs.
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First, the histogram bar turns bright red, indicating that selling pressure is easing. The MACD line (blue) is curling upward towards the signal line (orange), suggesting a possible bullish crossover.
And third, a bullish divergence was formed between October 17th and October 22nd. Price has cut lower lows, but MACD has cut higher lows, indicating that the downside energy is dissipating.
When the same mild histogram setting appeared on October 17th, ASTER rose nearly 20%. Two new elements this time around, an upward curl and a divergence, lend weight to the idea that the whales may be witnessing the formation of a new bullish phase.
ASTER price structure points to reversal setup
Aster’s broader chart shows a widening descending wedge forming the fourth bullish sign in the current setup. Unlike a typical wedge that tightens, this wedge expands, creating a slightly wider range of highs and lows with each swing. This structure often appears before a sharp reversal as volatility increases and sellers begin to lose control.
While $0.93 remains an important support, $1.12 marks the first level of resistance. If a breakout is confirmed, it could open targets around $1.28 and $1.53. If this move holds, ASTER could break out of the falling wedge above $1.79.
However, a break below $0.93 could weaken this setup and push it back towards $0.80.
