Aster has been navigating a descending channel since early March, as long-term investors reduce their positions.

Whale Offloads Significant Holdings

A recent transaction saw a whale transfer 4.96 million ASTER tokens, valued at approximately $3.25 million, to AsterDex. This move likely indicates the closing of positions by the investor.

The whale had initially accumulated $80.61 million worth of ASTER in September 2025 at a peak price of $1.61. However, the token’s value has since decreased by 59.3%, resulting in a current loss of approximately $4.74 million for the whale.

Bearish Momentum and Key Indicators

Technical Analysis

Currently, ASTER is trading at $0.65, a slight 0.06% increase daily but a 1.8% decrease weekly. The altcoin has been consolidating between $0.65 and $0.68.

The Momentum Shift indicator has been negative for nearly 30 days, currently at -0.05, signaling continued selling pressure. The DMI Modified has also remained negative for almost two weeks, reinforcing the market’s weakness.

These indicators suggest potential for further decline, possibly breaking below the $0.64 support level.

Signs of Potential Recovery

Demand and Netflow

Despite the bearish trend, there are emerging signs of seller exhaustion. Buyers are actively accumulating ASTER at lower prices.

CoinGlass data shows that exchange outflows have exceeded inflows over the past five days, with $77.14 million ASTER leaving exchanges compared to $71.6 million entering. This results in a Spot Netflow of -$5.49 million, indicating increased buying activity.

While demand is recovering, it hasn't yet triggered a substantial price increase, leading to sideways trading. If buying pressure continues and sellers become exhausted, ASTER could potentially surpass the $0.7 resistance level and aim for $0.76.