Key Insights:
- ASTER breaks out of a prolonged downtrend, forming an inverse head-and-shoulders pattern signaling a 50% potential upside.
- Whale accumulation totaling over $3 million underscores renewed institutional confidence in ASTER’s near-term recovery potential.
- A strategic buyback plan allocating up to 80% of trading fees aims to reinforce market stability and enhance token value.
The ASTER token has started to show early signs of stabilization after a period of heavy volatility, drawing attention from traders and large investors. Recent price action indicates that the token may be preparing for a potential reversal following months of sustained decline. Consequently, fresh buying interest and strategic market moves have begun to strengthen confidence in ASTER’s short-term outlook.
The token recently broke out of a steep falling channel that had limited upward attempts for weeks. This movement coincides with the formation of an inverse head-and-shoulders pattern, a classic indicator of potential trend reversal. The neckline at around $1.23 remains the key breakout zone. If the price holds above this level, analysts expect a possible rise toward $1.6, representing nearly a 50% upside. Moreover, the Parabolic SAR has flipped below the price, indicating improved buyer momentum, while the RSI remains just under the midline, suggesting there is still room for continuation.
Support Levels Reinforce Market Confidence
The $1.06 support area, aligned with the right shoulder of the current formation, has become an active battleground between buyers and sellers. Both sides are defending this level strongly, confirming ongoing accumulation. If this support holds, the structure suggests that ASTER could extend its recovery. Furthermore, Fibonacci extensions identify $2.08 and $2.23 as the next major resistance zones, which could eventually open the path toward the $3 psychological mark if buying pressure continues.
Large-scale accumulation has further amplified the growing optimism. A newly created wallet recently withdrew $5.3 million USDT from Aster DEX and purchased 2.94 million ASTER tokens worth $3.2 million at an average price of $1.09. This transaction highlights renewed interest among major holders, signaling a potential shift in sentiment toward the token.
Adding to the positive momentum, the Aster team confirmed a buyback initiative that allocates up to 80% of Season 3 trading fees for repurchasing tokens. The program aims to stabilize the market, reduce selling pressure, and reward active participants through future incentives.
