Key Insights:
- Aster price spiked by 12% over the last 24-hours after Binance founder CZ shared a screenshot of his $2.5 million $ASTER portfolio.
- After grinding lower through ‘Uptober’ and repeatedly defending the $1.15 region, price has finally pushed above the wedge resistance.
- Two whale traders bet millions of dollars against Aster despite CZ publicizing his holdings.
Aster price skyrocketed by 12% over the last 24-hours to a daily high of $1.25 after Binance former CEO Changpeng Zhao posted a screenshot of his Aster portfolio showing 2 million ASTER tokens worth approximately $2.5 million.
Meanwhile, the token now aims to win support around $1.15 which should act as the springboard that launches the decentralized exchange native token into a breakout rally past $1.6.
Aster Price Gains 12%, Now Targets $1.15 Support To Fly To $1.6
Decentralized exchange Aster’s native token $ASTER spiked by 12% over the last 24-hours following an announcement on Sunday revealing Changpeng Zhao’s $2.5 million worth of the token holdings.
The announcement triggered a wave of fresh buying among both retail and whale traders with a majority viewing the event as a buying opportunity while a few others took the chance to place leveraged shorts.
Meanwhile, a leading analyst on X dubbed MoreCryptoonl posted that Aster (ASTR/USDT) continues to show signs of hesitation, even after a modest three-wave recovery. As per the analysis, the current Aster price action is not yet sufficient to confirm a breakout.
However, the price could rally once the corrective phase comes to an end.
Bulls need to push for the formation of another impulsive 4–5 wave pattern to strengthen the case for a completed wave ii, which should hint at the early stages of a bullish breakout.
A move like this would suggest renewed market optimism and trigger a larger wave iii Aster rally towards new record highs. For now, the analyst urged market watchers to pay attention to the support zones between $1.06 and $1.15.
Falling Wedge Setup Reveals Aster Price Forecast To $1.6
As per yet another chart shared by CryptoJobs on X, a clean early breakout from a falling wedge has kept $ASTER capped for weeks. After grinding lower through October and repeatedly defending the $1.15 region, price has finally pushed above the wedge resistance.
What stands out here is the consistency of buyers around that $1.15 zone with each dip into that band attracting steady accumulation, and now appears that level may serve as the springboard for a larger upside move.
When a market rejects lower prices this often and with this structure, it’s rarely accidental. It tells us there is real interest absorbing supply.
As price accelerates higher, a pullback shouldn’t surprise since crypto markets rarely move in straight lines, especially after breaking a multi-week structure.
That’s why CryptoJobs notes an ideal retest just below the breakout area around $1.07 to $1.09, which many traders will be watching for confirmation. A healthy retest in that pocket would essentially reset momentum and build confidence that the wedge breakout isn’t a fake-out.
If buyers defend that region, attention shifts back to the upper psychological milestone near $1.50, followed by the previous reaction area between $1.55 and $1.60, which aligns with the projected upside target from this pattern. Those levels acted as rejection areas in the past, and now the market has an opportunity to reclaim them with fresh momentum.
The biggest justification for this outlook lies in the market’s behavior around support. $1.15 has steadily become a bullish anchor and rather than cracking, it held firm and helped shape a tightening market. With structure breaking upward and volume stepping in, buyers finally have the upper hand. If sentiment stays intact and that retest holds, the path toward $1.55–$1.60 looks wide open.
Whales Bet Against Aster Amid CZ’s Aster Portfolio Screenshot
Not everyone believes Aster’s rally will hold even with excitement rippling through the market. Two large traders took the opposite side of the bet, wagering that the token’s price will soon fall.
According to blockchain analytics firm Lookonchain, one trader expanded their short position to 42.97 million Aster tokens, valued at about $52.8 million, with a liquidation price of $2.
Another whale also bet against Aster and increased their Aster short position exposure by $19.1 million and set the liquidation price to $2.11.