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.
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.
Aster’s jump was driven by Stage 2 airdrop buzz, $12M+ whale accumulation, and a technical momentum rebound.
Key resistance sits at $1.65, a break targets $1.80. Support is anchored at $1.31, today’s 24h low.
The rally combines strong volume, rising RSI, and airdrop demand. Further gains depend on breaking resistance and sustained whale interest.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
RedotPay, a fintech company that specializes in stablecoin-based payments, has integrated Ripple’s cross-border payment technology…
The Cyber Monday sale officially ended last night, marking one of the best crypto presale…
Bank of America is making one of its biggest moves into crypto yet. Beginning in…
After a massive bloodbath last week, Yesterday Bitcoin dropped over 5% in a sharp sell-off…
Bitcoin is showing renewed strength as the broader crypto market stages a steady rebound, with…
XRP is trying to hold its position in the payments market as price volatility and…
