ASTER Token Falls 15% After CZ Rally, Whales Pocket $7M
ASTER token fell 15% from its intraday peak after surging 30–40% on a rally sparked by Binance co-founder Changpeng Zhao’s $2–2.5 million purchase. Trading volume jumped nearly 900% to $2.5 billion, and futures open interest climbed 45% to $647 million. Large whales opened and enlarged short positions—one wallet took up to $51 million with 3× leverage, and another added $18 million—realizing over $7 million in combined profits. Technical indicators show the token retracing to the $1.00–$1.05 support zone, matching the 61.8% Fibonacci retracement, with resistance at $1.25–$1.29. A break above $1.29 could trigger a short squeeze toward $1.35–$1.40, while a drop below $0.98–$1.00 risks a pullback to $0.88–$0.90. Traders should watch volume, open interest, RSI, and key levels for clues on ASTER token’s next move.
Neutral
While the initial 30–40% rally on Changpeng Zhao’s purchase highlights strong buying interest in ASTER token, the subsequent 15% retracement and sizeable whale short positions introduce significant selling pressure. The surge in trading volume and open interest underscores heightened market activity, yet technical indicators—such as the RSI drop and the token’s pullback to key Fibonacci support—reflect waning momentum. A decisive break above $1.29 resistance could spark a short squeeze and renew bullish momentum, but failure to hold support near $1.00 risks further downside. As a result, the news presents balanced bullish and bearish factors, warranting a neutral market outlook for ASTER token.