ASTER price is under heavy pressure. The token is down nearly 20% over the past seven days and almost 10% in the last 24 hours. What makes this move different is who is selling.
After weeks of holding firm, Aster’s most loyal cohort, the whales, have finally started cutting exposure. With both spot and derivatives data flashing caution, charts now suggest another 10% downside risk if key levels fail.
Loyal Whales Turn Bearish Across Spot and Derivatives
The clearest warning comes from spot whale behavior. Over the past 24 hours, Aster whales reduced their holdings by 4.05%. After this drop, whale balances stand at 70.39 million ASTER. That implies roughly 2.97 million tokens were sold. At the current price, this translates to over $2 million in spot selling.
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This matters because these whale wallets had been consistently buying through previous dips. Their decision to sell during weakness suggests confidence in a near-term rebound is fading.
Derivatives data confirms the same message. The top 100 addresses (mega whales), which represent large leveraged traders rather than spot sellers, show a 34.42% reduction in positioning. More importantly, the remaining exposure is net short.
When both spot whales and leveraged whales reduce risk at the same time, it usually signals expectation of lower prices rather than temporary volatility.
Smart Money Continues to Step Away
The Smart Money Index adds another layer of concern. This indicator tracks the behavior of informed traders who tend to position early before major moves.
In Aster’s case, the Smart Money Index crossed below its signal line around November 22 and has been declining since. That crossover marked a shift from accumulation to distribution. Since then, the price has continued to trend lower, and smart money has not stepped back in.
This tells us something important. Even as the ASTER price approaches lower levels inside a falling wedge (an otherwise bullish pattern), informed traders are not positioning for a bounce. Until the Smart Money Index turns up and reclaims its signal line, rallies are likely to be sold rather than extended.
Combined with whale behavior, this shows that selling pressure is not emotional. It is deliberate.
ASTER Price Structure Points to Another 10% Risk
On the chart, Aster remains inside a falling wedge and is pressing against the lower trendline. This structure often produces bounces, but only when buyers show up. Right now, they are not.
If the lower trendline breaks, the next downside target sits near $0.66, which implies another 10% drop from current levels. Below that, deeper downside risk opens quickly. Beyond $0.66, even $0.55 comes into the mix.
For any bullish reset, the ASTER price must reclaim $0.96 on a daily close. That level marks the upper boundary of the wedge and aligns with prior support. Without it, rebounds remain corrective.
Loyal Aster whales are selling, smart money is stepping aside, and price is running out of support. Unless buying returns soon, another leg lower looks increasingly likely for the ASTER price.
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