ASTER drops 22%, breaks through key support, but whales continue to accumulate

not_your_keys · 2025-12-18T01:32:59+00:00

ASTER has fallen 22% within a week, currently trading at approximately $0.74, continuing to be under pressure after breaking through a key support level. Despite the price decline, whale accounts are still actively accumulating tokens, with some purchases exceeding $1 million. Analysts point out that the bearish market trend remains unchanged, and there are no signs of a rebound.

not_your_keys

2025-12-18 01:32:59

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Source: Yellow Original Title: ASTER falls 22% in the week after breaking support, but whales continue accumulating

Original Link: ASTER dropped 22% within seven days, with trading prices approaching $0.74. Previously, the token broke through a key support zone between $0.85 and $0.90. The decline expanded to 8% over the past 24 hours, indicating sustained selling pressure with no signs of recovery.

What happened: Support break confirms bearish trend

The token broke below its critical support range after forming lower highs along the descending trendline over several weeks.

The breakout was clean, with no strong rebound or false breakout, which typically indicates buying interest.

Cirus called this move a “textbook breakout,” claiming that the price action reflects “acceptance of lower prices” rather than panic selling. The analyst warned that “rebound ≠ reversal in a breakdown structure,” indicating that the bearish trend remains intact until the price recovers above the old support levels.

ASTER is now trading below its 9-day moving average ($0.89) and 21-day moving average ($0.96).

The bearish crossover between these two indicators confirms ongoing downward momentum. The MACD indicator shows continued weakness, with the MACD line at -0.080 and the signal line at -0.063.

The widening histogram points to persistent bearish momentum, with no divergence signals indicating a potential reversal.

Why it matters: Platform development continues

Aster DEX launched Shield Mode on December 15, introducing features such as up to 1001x leverage, instant execution, and zero slippage trading. The product offers non-custodial trading and simplified order entry through single-touch long or short positions.

Despite the price decline, whale wallet activity remains high. BeingInvested reported significant accumulation within 24 hours, including a purchase of over $1 million worth of 1.34 million tokens.

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