- ASTER saw a major whale, 0xFB3B, withdraw 13.44M $ASTER from Binance, signaling potential market volatility.
- ASTER is trading within a descending channel, with a possible breakout indicating renewed bullish momentum.
- A successful trendline and channel breakout could push $ASTER toward $1.20 in the short term and $2.50 for a new ATH.
Aster (ASTER) is on the way to its positive price trajectory with a slight increment in its price with the changing market conditions. The token is currently trading at $0.9562, with a surge of 2.24% over the last 24 hours.
However, the crypto analyst, Lookonchain, noted that a major crypto whale, 0xFB3B, withdrew 13.44M ASTER (around $13.04M) from Binance eight hours ago, signaling another significant move in the token’s market. This comes after the whale earlier transferred 64.53M $ASTER ($133.68M) from Gate.io near the $2.07 peak. Such large-scale withdrawals often attract attention as indicators of market sentiment and potential price shifts.
Source: Lookonchain
Interestingly, the whale later deposited the same 64.53M ASTER into Binance at $1.54, resulting in a paper loss of $34.5M. This sequence highlights the volatility of mid-cap tokens like ASTER and the risks even high-net-worth holders face. Traders are closely watching these movements for hints of future price trends or liquidity changes.
Also Read: Aster Unveils 2026 Roadmap With L1 Launch and Major December Upgrades
ASTER Set for New All-Time High After Channel Breakout
Moreover, the crypto analyst, Captain Faibik, revealed that it appears that the ASTER is currently moving in a well-identified descending channel, showing the typical sign of lower highs and lower lows. Technical analysis suggests that a breakout of the descending channel is about to happen, indicating the resumption of a bullish trend for the token.
Source: Captain Faibik
However, ASTER is moving in a decisive breakout within the channel; it may target a new record high of $2.50 in the coming days. This will not only trigger heavy buying pressure on the stock, but it will also make the entire market positive. It is very essential for ASTER to perform well for the next few days in order to get back on track.
Trendline Break Could Push ASTER Toward $1.20
Additionally, another crypto analyst, DrBullZeus, highlighted that it appears that ASTER is on the cusp of a critical resistance level, which could be a make-or-break scenario for the traders. If the token manages a successful breakout, it could start the beginning of a new wave of bullish momentum for the token. Traders are keeping a keen eye on the token’s next steps.
Source: DrBullZeus
If ASTER successfully breaches the trend line, the targets on the upside will be the 50% Fibonacci level of $1.13 and the 61.8% level of $1.20. Such points of support and resistance usually trigger the acceleration of the price movement or the formation of consolidation phases. The prevailing market sentiment appears to support the buyers.
Also Read: Aster (ASTER) Token Burn Sparks Optimism: Could Price Hit $1.20 Soon?
