- Aster (ASTER) is developing an ascending triangle pattern, which implies a potential breakout as buyers are fighting against resistance around the $1.60–$1.63 price point.
- Technical indicators in the form of the 9 EMA and trendline support provide increased confirmation of bullish momentum, keeping the uptrend firmly in tact, above the rising structure
- Wintermute’s 5.2 million Aster token holding strengthens market confidence, aligning institutional support with ongoing bullish price developments.
Aster (ASTER) is displaying renewed technical strength, given that the token has formed an ascending triangle pattern on its 4-hour chart, which implies prospect of bullish continuation.
Ascending Triangle Indicates Building Buying Pressure
As per Alpha Crypto Signal, Aster (ASTER) is currently printing an ascending triangle which is a pattern generally seen as a bullish continuation setup. The price, while forming higher lows, is consolidating below of a horizontal resistance area between $1.60-$1.63 which indicates steady buying activity.
The pattern reflects increasing demand as sellers weaken around the resistance area.This volatility contraction usually happens before a breakout and suggests traders are expecting a strong move. A strong close above the resistance on the 4-hour chart, and ideally with increased volume on the breakout, will serve as confirmation of the breakout, and will help confirm the bullish scenario.
If we see that confirmation, we could see upside targets of $1.80, $2.00, and $2.25, where previous resistance aligns with current price action. The 9 EMA is located near $1.46 currently as a dynamic support as well as the rising trendline which is confirming strength of the pattern.
Bullish Structure Supported by Technical and On-Chain Factors
The chart setup remains technically sound as long as Aster maintains price action above the ascending trendline. The formation indicates that buyers are in a position of power and that the uptrend remains in play. Nonetheless, a drop below the trendline would negate the structure, sending the token back towards the $1.30 – $1.20 region.
On-chain momentum would seem to support the bullish bias. Information indicates that Aster’s price has increased 8.77% overnight, specifically back up to the $1.45 price, with an amount of roughly $1.20 billion traded. This would indicate that almost more than half a billion dollars traded overnight, confirming deeper activity and participation of traders expecting the continuation of the uptrend.
Market analysts observe that this consolidation phase may attract more buyers as confidence strengthens across altcoins, with Aster positioning itself favorably within that context.
Wintermute’s 5.2 Million ASTER Holding Adds Institutional Confidence
Adding to the bullish backdrop, blockchain data revealed that Wintermute, one of the world’s largest crypto market makers, currently holds 5.2 million Aster tokens. The accumulation signals institutional confidence in the project’s longer-term potential.
Wintermute’s presence often influences liquidity and stability, enhancing market efficiency around the asset. Their continued exposure to Aster could also signal expectations of future growth, especially if technical conditions confirm a breakout.
This institutional backing, combined with a well-defined bullish structure and rising trading activity, places Aster in a strong technical position. Traders are now closely monitoring the $1.60–$1.63 resistance zone for confirmation of a sustained upward move.
