Aster Price Eyes $1.20 Breakout as Whale Accumulates 8.4M Tokens
Aster price is trading above $1.17 as bulls aim to breach the $1.2 resistance level. Over the past week, a large whale known as “ThisWillMakeYouLoveAgain” has purchased 8.41 million ASTER tokens at an average price of $0.97, amassing an unrealized profit of $1.1 million. On-chain data from Lookonchain shows the investor injected USDT into Aster’s DEX and executed multiple buys since November 4, reflecting a clear accumulation strategy.
Meanwhile, ASTER buybacks jumped 50% in the last 24 hours, removing 2.4 million tokens—0.12% of total supply—at a rate of $7,500 per minute. This supply reduction, coupled with rumors of a potential Coinbase listing, has boosted market sentiment.
Technically, Aster price has broken out of a symmetrical triangle on the 4-hour chart. The relative strength index (RSI) is above 62, and the Chaikin Money Flow (CMF) indicates sustained capital inflows. A successful close above $1.2 could target $1.25 to $1.50. Failure to hold the $1.2 zone may see support tests at $1.08 and $0.96.
Traders should monitor continued whale activity, buyback pace, and on-chain indicators. A decisive move above $1.2 may signal more upside. Conversely, broader market weakness could reverse gains.
Bullish
The news is bullish because a significant whale has steadily accumulated 8.41 million ASTER tokens at sub-$1 levels, indicating strong confidence in the project. Historical patterns show that large-scale on-chain accumulation by whales often precedes sustained price rallies. Additionally, a 50% surge in token buybacks has reduced circulating supply, further tightening the market and supporting higher prices.
Technically, Aster price has broken out of a symmetrical triangle on the 4-hour chart, with RSI above 62 and Chaikin Money Flow signaling continued capital inflows. Such indicators have reliably predicted upward moves in other altcoins following similar breakouts. In the short term, breaching and holding above $1.20 could trigger a rally toward $1.25–$1.50. In the long term, ongoing whale participation, buyback programs, and potential Coinbase listing news could sustain bullish momentum, provided broader market conditions remain supportive.