ASTER Price Analysis: Whales Accumulate as Bullish Signals Strengthen

ASTER’s recent listing on Binance has reignited market interest, propelling the token back into focus. After a short pullback below $2 following rapid gains, ASTER remains only about 17% below its all-time high, signaling potential for another breakout. On-chain data reveals that ASTER’s largest holders — the top 100 “mega whales” — have increased their holdings by 1.76% in just 24 hours, accumulating approximately 134 million ASTER worth around $264 million. Meanwhile, public-figure wallets added another 236,000 tokens, a 5.34% increase, reflecting growing confidence among prominent investors.

Despite these inflows, smart-money wallets trimmed their positions by 70%, while smaller whales reduced holdings by nearly 10%, offloading about 7.5 million ASTER worth roughly $15 million. Exchange balances have surged by nearly 60% to 625 million ASTER, though this may not signal heavy selling pressure. Given the new Binance listing, much of this increase likely stems from liquidity repositioning rather than outright sales.

Supporting this interpretation, the Money Flow Index (MFI) — an indicator measuring buying and selling pressure — continues trending upward toward 65, indicating sustained capital inflows. Similarly, the Bull-Bear Power (BBP) indicator turned positive on October 5, suggesting bullish momentum is strengthening. These combined signals imply that current “selling pressure” could be more illusion than reality.

Technically, ASTER’s 12-hour chart shows the token trading within an ascending triangle — a bullish formation. A hidden bullish divergence between RSI and price further supports the uptrend. If ASTER breaks above $2.27, a move past its all-time high of $2.43 could follow. However, a drop below $1.66 would invalidate the bullish setup. For now, with RSI holding above 50 and whales accumulating, ASTER’s momentum remains firmly in favor of the bulls — and the market’s attention.