Aster [$ASTER] has traded within a descending channel since it faced rejection at $0.79 in early March. Recently, the altcoin trend has thinned, consolidating between $0.65 and $0.68.
In fact, at press time, $ASTER traded at $0.65, up 0.06% on the daily chart but down 1.8% on the weekly chart.
With the market stuck in a narrow range, long-term investors are starting to sell their holdings. According to Arkham data, a whale transferred 4.96 million $ASTER worth approximately $3.25 million to a new address.
After the transfer, the whale then deposited it into the AsterDex. The decision to transfer to the AsterDex means two things: either selling or staking.
But based on previous market behavior, the whale is likely to close positions. This is because the whale accumulated $80.61 million worth of $ASTER at a high of $1.61 per $ASTER in September 2025.
Since then, the $ASTER token has plummeted by 59.3%. Thus, with the transfer, the whale faces a $4.74 million loss.
$ASTER momentum is strongly bearish
As long-term holders move their holdings, $ASTER is under extreme bearish pressure, resulting in stronger downward momentum.
Looking at the Momentum Shift indicator, it has remained negative for almost 30 consecutive days. At press time, the indicator sat around -0.05, suggesting that sellers have had sustained control of the market.
Likewise, the DMI Modified also held within the negative zone for nearly two weeks, further confirming the market weakness. With these two market indicators set as they are, the altcoin is likely to see prolonged weakness.
The continued bearish pressure could see $ASTER break the $0.64 support and fall towards it.
The Spot market still gives hope for a recovery
Interestingly, while $ASTER is experiencing strong downward momentum, it seems sellers are already exhausted. As a result, buyers have taken the opportunity to return to the market and have begun aggressively accumulating at a discount.
CoinGlass data shows that Exchange Outflows have largely dominated the market. For instance, over the last 5 days, $77.14 million worth of $ASTER has flowed out of exchanges compared to $71.6 million in Inflows.
As a result, the Spot Netflow dropped to -$5.49 million over the same period and has even declined further on shorter timeframes. A dominant outflow suggests that buyers are increasingly returning and attempting to absorb the rising selling pressure.
Thus, while buyers have begun accumulating, demand has remained insufficient to drive the altcoin’s recovery, resulting in sideways movement.
If demand holds while seller exhaustion hits the market, $ASTER is likely to breach the $0.7 resistance and target $0.76.
Final Summary
- A whale transferred 4.96 million $ASTER worth approximately $3.25 million to new addresses and deposited it into AsterDex.
- $ASTER remains range-bound, trading between $0.65 and $0.68, but Spot activity shows seller exhaustion and recovering demand.