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Following
ASTER Aster whale opened a long position of $4.33 million, maintaining the price below the key moving average of $0.60.
Against the backdrop of weak overall technical indicators, an important whale established a highly leveraged long position, suggesting a possible bullish shift for Aster. At the time of report, ASTER was trading at US$0.602, still below the main daily moving average, reflecting continued uncertainty in the market.
Technical outlook remains cautious
Current technical analysis shows that ASTER is below several important moving averages. The token remains below the 20-day exponential moving average ($0.608), the 50-day exponential moving average ($0.619), the 100-day exponential moving average ($0.639), and the 200-day exponential moving average ($0.704). These values highlight the continued selling pressure over different time periods and limit upward momentum.
ASTER's current direct resistance is around $0.608 and $0.619. The relative strength index (RSI) reading was also not optimistic. The RSI was 43.42 and the mean RSI was 42.29, both below the neutral threshold of 50. This position points to weak momentum but does not indicate that the asset is currently oversold.
Market analysts said that unless ASTER can regain higher RSI levels, downside risks may persist. Breaking through the 50-point RSI will be a necessary signal for buyers to regain strength.
Time period and EMA level and price position
20 days: US$0.608 (below)
50 days: US$0.619 (below)
100 days: US$0.639 (below)
200 days: US$0.704 (below)
Whale leveraged positions attract attention
A whale identified as 0x117f opened a 4-times leveraged long position on Aster DEX involving 7.2 million ASTER (worth approximately US$4.33 million), attracting market attention. The whale also pledged 4.02 million ASTERS (approximately US$2.42 million) for a four-year period. Blockchain analytics resource Lookonchain highlights these operations.
Lookonchain pointed out that the whale "opened a 4x long position on 7.2 million ASTER (US$4.33 million) on Aster DEX and pledged 4.02 million ASTER (US$2.42 million) for a four-year period," which shows both short-term bullish intention and long-term commitment.
Observers believe that this dual strategy of combining leverage and pledge may signal confidence, but also warn that the behavior of individual whales may not be enough to change the overall trend.
Mini Dictionary: Aster DEX, a decentralized exchange that supports token redemption and leveraged trading within the Aster ecosystem.
Derivatives trading volume surpasses the spot market
CoinGlass data shows that ASTER's open interest reached approximately US$323.35 million, and 24-hour futures trading volume was approximately US$53 million. In comparison, spot trading volume was only US$6.38 million, highlighting the importance of derivatives in Aster market activity.
During the same 24-hour period, approximately US$89,430 of ASTER futures positions were cleared, indicating that leveraged traders remain exposed as the token consolidates around US$0.60.
Market segment data
Open interest: US$323.35 million
Futures trading volume (24 hours): US$53 million
Spot trading volume (24 hours): US$6.38 million
Futures clearing volume (24 hours): US$89,430
Breaking through the US$0.619 level may be seen as an early recovery signal, with the next resistance level at US$0.639. The resistance area between US$0.693 and US$0.704 remains an important position for bulls to overcome. In August, ASTER recorded a modest gain of 0.45% after falling 3.68% in July and 14.2% in June.
Traders are advised to pay close attention to key moving averages and RSI for signs of trend reversal as ASTER continues to operate in volatile market conditions.
Technical signals from ASTER remain mixed, with derivatives trading activity and whale participation providing a possible catalyst for breaking through resistance levels.
