- Aster price consolidates above the breakout zone, supported by rising open interest and sustained buying from market participants.
- Whale accumulation worth $5 million USDT signals strong long-term conviction, absorbing supply and bolstering market confidence.
- Technical structure stays firm as Aster holds above the 0.5 Fibonacci level, eyeing key resistances near $2.08 and $2.23.
Aster price has captured renewed market focus after breaking free from its prolonged falling channel. The breakout has been accompanied by steady growth in open interest, indicating that traders are increasingly positioning for continued upside momentum. The price now trades around $1.93, maintaining support above the breakout zone and showing signs of stable consolidation.
Following the recovery, Aster price reclaimed the 0.5 Fibonacci level near $1.97, reinforcing its short-term strength. The next technical checkpoints appear at the 0.618 retracement of $2.08 and the 0.786 level around $2.23. These areas are viewed as critical resistance zones that could shape near-term price direction. A decisive move beyond them may open the path toward the psychological $3 target, a level traders are closely monitoring as confidence in the asset builds.
Market Structure Strengthens Amid Rising Participation
According to CoinGlass data, open interest in Aster derivatives has climbed 8.89 percent to $1.37 billion. This expansion reflects a wave of new participation as traders respond to the breakout pattern. Increases in open interest often accompany technical breakouts, suggesting an active buildup of bullish positions across futures markets. This alignment between technical and derivatives data highlights growing conviction behind Aster’s recent move.
On-chain data from Lookonchain shows a whale purchased 2.74 million ASTER for $5 million USDT, raising total holdings to over $5.95 million. Such large-scale accumulation absorbs available liquidity and demonstrates long-term confidence in the project’s outlook. Additionally, reports indicate ASTER deposits flowing into Binance wallets after CZ’s public acknowledgment, which market analysts view as a potential precursor to a listing. These developments collectively enhance sentiment surrounding the token.
Aster price continues to defend its breakout structure while sustaining higher open interest and accumulation activity. The alignment of technical recovery, derivatives participation, and whale confidence keeps the asset in focus as it approaches its next resistance bands, signaling a potentially extended recovery phase ahead.
