After a remarkable rally up to $ 2.40 last week, the Aster -token price took a sudden dip, asking questions about whether the Defi -Munt Momentum has lost or whether this is only a temporary setback.
Summary
- The Aster -token price has fallen around 19% in the last 24 hours and drops to $ 1.56.
- Support is now being tested around $ 1.50 and a breakdown can push the price of token to $ 1.30.
- A short-term rebound is possible if bulls reclaim the 9-day SMA ($ 1.89) with a strong volume.
After a bullish run, the Aster -Token price had a sharp reversal last week, so that a large part of its earlier profit is erased. Token has been deposited 19% in the last 24 hours and 22% on the week, now traded at $ 1.56 at the time of the press.
The technical attitude of Aster (Aster) now leans bearish. The daily graph shows a series of lower highlights and lower lows, which confirms a bearish momentum.
After a short peak to the region of $ 2.40- $ 2.50 on 25 September, it was token for a consistent sales pressure and dragged the price below the 9-day SMA, which is now $ 1.89.
Recent candles reflect indecision, with long wicks and short bodies, suggesting that buyers try to keep the line, but have no strength.
Aster -Tokenprijs is confronted with pressure despite whaling interest
The double digit dip comes even when the token records a strong whale interest, whereby various large holders have made significant accumulations in recent weeks. Such a wallet, reportedly linked to YouTuber Mrbeast, has actively loaded on Aster in recent days.
Between 26 and 29 September the wallet bought 705,820 Aster, at that time with more than $ 1.28 million. The recently made Another $ 386 million in purchases, which brings the total number of companies to $ 1.53 million.
Other large portfolios have also recently collected Aster, which indicates the constant interest of larger players. Nevertheless, the recent price dia suggests that the total demand can be cooled, probably driven by muted sentiment about the wider cryptomarkt.
Aster is now testing critical support around $ 1.50. A breakdown below this level can push the price to $ 1.30, the next potential demand zone.
To make the recovery take place, the token should recover the 9-day SMA and break with a strong volume above $ 2.00. Although a rebound is possible, it will remain unlikely in the short term without a strong catalyst or shift in the general market sentiment.
