Aster Price Blasts Past $1.07 Amid Whale Buys, Can it Hit $2?

The post Aster Price Blasts Past $1.07 Amid Whale Buys, Can it Hit $2? appeared first on Coinpedia Fintech News

Aster’s market action this week has been nothing short of electric. When Binance founder CZ made a headline-grabbing $2 million purchase, it fired up the bulls and set off a chain reaction in market sentiment.

That wasn’t the only spark, Aster’s new buyback and airdrop model has quickly shifted tokenomics in favor of holders. Thereby easing immediate sell-side pressure that kept the price stuck for weeks. Throw in a clean technical rebound right as whale activity ramped up, and suddenly, Aster found itself at the forefront of the crypto conversation.

Aster Price Analysis

Analyzing the charts, Aster price posted a sharp 12.49% gain in the last 24 hours. Bouncing from a low of $0.9109 to reach $1.26 at its peak before settling at $1.07. The 24-hour volume ballooned over 911% to $2.48 billion as traders piled in following the publicized whale buy. Aster’s breakout was marked by a decisive move, taking it right to the pivot point of $1.13. However, resistance at $1.25 capped the rally and led to a short-term pullback.

Technically, the bulls remain in control as long as Aster stays above the $1 support zone. This is reinforced by the current RSI of 53, which signals balanced momentum after a recent overbought blip near 70. The Bollinger Bands have started to expand, showcasing increased volatility and the fresh interest driving the trend.

If Aster can reclaim and hold above the $1.13 level, a quick move to $1.30 is feasible with the next resistance at $1.25. That being said, the bullish targets can be clearly seen in the chart, which goes all the way up to $2.18. Failure to maintain current momentum, however, would likely see the price retreat to test the $1 and possibly the recent low at $0.91 if bearish pressure builds.

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