Aster’s three-week rally just hit a wall. The altcoin now faces its first potential bearish crossover since the uptrend began. But large holders aren’t backing down yet.
The momentum shift comes as broader crypto markets weaken. However, whale activity tells a different story. These big players accumulated heavily this week, creating a cushion that might prevent deeper losses.
So can whales save Aster from a full breakdown? Let’s look at what the data reveals.
MACD Signals Momentum Shift
Aster’s MACD indicator shows trouble brewing. The signal line inches closer to crossing above the MACD line. This would mark the first bearish crossover in weeks.
Plus, the histogram tells the same story. Bars are shrinking steadily. That means bullish strength is fading fast.
Moreover, this potential crossover represents a major momentum reversal. Traders typically see this as a warning sign. When momentum flips, sentiment often follows.
In fact, the technical setup looks increasingly fragile. If the crossover completes, bearish pressure could intensify. Yet one group of investors isn’t showing signs of panic.
Whales Add 30 Million ASTER This Week
Large holders accumulated aggressively despite the weakening technical picture. Addresses holding between 1 million and 10 million ASTER bought 30 million tokens this week. That’s over $35 million in fresh capital.
This buying provided crucial support during recent volatility. While the broader market declined, whales stepped in. Their purchases helped stabilize price action when it mattered most.
Now here’s the interesting part. Whale accumulation has paused recently. But these holders haven’t started selling either. They’re holding their positions despite market turbulence.
That creates a floor under the price. Even as technical indicators flash warning signs, whale support prevents panic selling. Their willingness to hold suggests confidence in Aster’s longer-term prospects.
Price Sits at Critical Juncture
Aster currently trades at $1.18, just below the $1.20 resistance level. The three-week uptrend broke in the last 24 hours. Now the altcoin faces two possible paths forward.
In the bullish scenario, Aster reclaims $1.20 as support. From there, it could consolidate below $1.28 or push toward $1.39. But this outcome requires whales to maintain their support. Any shift in large holder behavior would change the picture dramatically.
However, the bearish alternative looks increasingly likely. If whales reverse course and start selling, Aster could drop to $1.07. Losing that level would invalidate the entire bullish thesis.
Furthermore, a break below $1.07 would confirm bearish momentum has taken control. That could trigger a deeper correction. Retail investors would likely follow whales out the door.
Market Conditions Work Against Recovery
Broader crypto market weakness makes Aster’s situation more precarious. The altcoin doesn’t exist in isolation. When Bitcoin and major tokens decline, smaller altcoins typically suffer more.
Besides, sentiment has shifted noticeably. The optimism that fueled Aster’s three-week rally has evaporated. Fear is creeping back into the market. That makes recovery harder even with whale support.
Yet whales clearly see value at current levels. Their $35 million accumulation this week wasn’t accidental. These sophisticated investors typically have longer time horizons than retail traders.
So the question becomes whether their support is enough. Can whale buying offset broader market weakness and fading technical momentum? The next few days will tell.
What Happens Next
Aster stands at a crossroads. Technical indicators point toward weakness. The MACD crossover threatens to confirm a trend reversal. Momentum has clearly faded.
But whale behavior provides a counterpoint. Their heavy accumulation created price stability. As long as they hold, sharp declines remain unlikely. That support could buy time for market conditions to improve.
Still, whales aren’t invincible. If losses mount or opportunities emerge elsewhere, they might cut positions. Once that selling starts, retail investors would panic. The drop to $1.07 or lower would happen quickly.
The technical setup suggests caution. Weakening momentum combined with broader market pressure creates real downside risk. Only sustained whale support stands between current levels and deeper losses.
Watch whale behavior closely over the next week. If accumulation resumes, Aster might hold. But if large holders start selling, the bearish case strengthens considerably. The price action ahead depends almost entirely on what these big players do next.