Can It Smash Through $2.40 Resistance?

Key Insights:

• ASTER holds 76% market share in perpetual trading, recording $90B daily volume across DeFi markets.
• Whale wallet accumulates 3.07M ASTER worth $5.95M, reducing exchange supply and showing strong investor conviction.
• Revenue exceeds $15M daily, annualized at $5B, while market cap remains near $3B valuation.

ASTER has moved out of a bull flag structure, a formation that often continues an earlier uptrend. The token rose from about $1.50 to $2.40 before entering a short period of decline. That consolidation ended with an upward push, confirming a breakout.

At press time, ASTER was priced near $1.91, showing a 7% gain in the past 24 hours, while recording a 2% decline over the last seven days. Resistance sits at $1.96, $2.07, and $2.22. The main barrier remains at $2.40, which matches a prior high. A successful break could lift the token toward $2.96. On the downside, supports are at $1.86, $1.73, and $1.52. A move below $1.50 would weaken the current outlook.

Market Share and Revenue Growth

Trading volumes suggest rising activity across decentralized platforms. Data from DeFiLlama shows perpetual trading volumes reached $118.24 billion in the last 24 hours. ASTER accounted for $90.5 billion of that figure, far ahead of Hyperliquid at $10.28 billion and Lighter at $7.14 billion. This puts ASTER at roughly 76% of the market share in the sector.

Revenue has also drawn attention. Reports show ASTER is generating more than $15 million per day, which annualizes to about $5 billion. With its market capitalization close to $3 billion, some industry voices question whether the token’s value matches its earnings power.

 As one observer noted,

 “When the most profitable CEX in the world and the most profitable DEX is sitting under $2 with $15M+ daily revenue, the asymmetry speaks for itself.”

Whale Purchases Confirm Demand

Large-scale purchases add another factor to the current trend. Blockchain records show wallet 0x2459 acquired 2.74 million ASTER in a single day, spending about $5 million USDT. The wallet now holds 3.07 million ASTER worth around $5.95 million.

The buying was spread across multiple transactions of $1–2 million each, suggesting a planned strategy rather than one-off trading. Most of the purchases drew liquidity from Binance hot wallets, which reduces available supply on exchanges. Market trackers note this kind of accumulation often points to strong conviction from large holders.

Levels to Monitor

The price is now approaching the $2.40 resistance level. Clearing that area could set up a move toward $2.96. If the token pulls back, traders will watch support at $1.86 to gauge whether momentum remains intact. With revenue growth, market share dominance, and large investors entering, ASTER remains under close watch as it tests key price levels.