Aster tumbles to $1.09 on whale dump and futures sell-off
Aster price has plunged from above $2 to a low of $1.09 following aggressive whale sell-offs and massive futures liquidations. On-chain data from Nansen shows whales offloaded over 62.6 million Aster tokens in 24 hours, including 17.9 million sent to Binance and Bybit. Futures traders closed $2.3 billion of positions over three days as contract netflows hit a trough of $154 million. Meanwhile, retail investors are accumulating on the spot market despite five days of negative netflow totalling $22 million. Technical indicators confirm oversold conditions, with the RSI at 39 and stochastic RSI at 8.7. The breach of the key $1 support could drive Aster price down to $0.85, while a rebound may test resistance levels at $1.39, $1.50, and potentially $2.26.
Bearish
The sustained pressure from large-scale whale sell-offs and aggressive futures liquidations has driven Aster price sharply lower, reflecting strong bearish momentum. On-chain metrics indicate heavy net outflows from whales, and futures traders have exited over $2.3 billion in positions, exacerbating the decline. Technical indicators confirm oversold conditions, suggesting limited near-term support. Although retail accumulation signals some buying interest, the breach of key support levels points to further downside risk. Therefore, the overall market view remains bearish for Aster in both the short and medium term, until clear signs of demand recovery or diminishing selling pressure emerge.