Reason: Whales increased their holdings by 32% within 24 hours despite an average loss of 22.8%, demonstrating strong confidence in a price reversal. Additionally, large orders resulted in a net inflow of $23.4K; the price remains above the 7-day, 25-day, and 99-day EMA lines. The MACD shows a bullish crossover, and the RSI at 54.8 is in a healthy range, indicating that upward momentum continues to strengthen. Binance has newly listed the ASTER/USD1 spot trading pair and dual-currency investment products, enhancing token liquidity and accessibility. Coupled with the shift in sentiment from profit-taking and reducing short positions, multiple factors resonate to support the price increase.
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$ASTER Current price 0.7189 Long position
Reason: Whales increased their holdings by 32% within 24 hours despite an average loss of 22.8%, demonstrating strong confidence in a price reversal. Additionally, large orders resulted in a net inflow of $23.4K; the price remains above the 7-day, 25-day, and 99-day EMA lines. The MACD shows a bullish crossover, and the RSI at 54.8 is in a healthy range, indicating that upward momentum continues to strengthen. Binance has newly listed the ASTER/USD1 spot trading pair and dual-currency investment products, enhancing token liquidity and accessibility. Coupled with the shift in sentiment from profit-taking and reducing short positions, multiple factors resonate to support the price increase.