- ASTER surged over 39% today despite broader crypto market weakness, with Bitcoin and Ethereum both declining over 1% in the past 24 hours.
- Major whale accumulation is occurring, with three large wallets withdrawing millions of ASTER tokens worth over $10 million combined in recent hours.
- ASTER has broken down from a rising wedge pattern on the 15-minute chart, dropping from $0.9830 to as low as $0.8826 after breaching support at $0.94.
- Technical analysis suggests a potential downside target of $0.81 (12% drop), though the bearish outlook would be invalidated if price recovers above $0.96.
Date: Sat, Sept 20, 2025 | 05:40 AM GMT
The cryptocurrency market is seeing a sharp retracement from its initial Fed-driven surge, with Bitcoin (BTC) and Ethereum (ETH) both sliding over 1% in the past 24 hours. Despite the broader weakness, Aster (ASTER) — the newly launched DEX platform publicly endorsed by Binance co-founder Changpeng Zhao — has remained in the spotlight with huge gains
ASTER is up more than 39% today, fueled by major whale accumulation. However, the charts are now hinting that a short-term bearish shift may be underway.
Whale Accumulation
Lookonchain data reveals that whales are aggressively scooping up ASTER.
- 0x04EA withdrew 7.04M ASTER ($4.66M) from Aster about 13 hours ago.
- 0xe1Da withdrew 5.1M ASTER ($4.1M) around 10 hours ago.
- 0x841D deposited 2.22M APX ($2.22M) into Aster and later withdrew the same in ASTER worth $2.11M just 2 hours ago.
This accumulation trend suggests that deep-pocketed investors are positioning themselves for longer-term exposure, even as short-term price action flashes warning signals.
Rising Wedge Breakdown in Play
On the 15-minute chart, ASTER had been trading inside a rising wedge, a bearish pattern that often precedes downside moves. Price respected both the support and resistance boundaries of the wedge before stalling near $0.9830, the upper boundary.
From there, momentum faded and ASTER slipped below the wedge support at $0.94, dropping as low as $0.8826. After the breakdown, price briefly retested the wedge’s lower boundary before resuming its decline to around $0.9073, confirming the bearish setup.
What’s Next for ASTER?
With the wedge breakdown confirmed and a successful retest already in place, sellers may now aim for the next downside target around $0.81 — roughly a 12% drop from current levels.
That said, it’s important to note that this setup is based on a lower timeframe (15-min), which can be more volatile and prone to false signals. For the bearish scenario to remain valid, ASTER must stay below the wedge breakdown zone near $0.96. A recovery above that level could invalidate the short-term bearish view and re-open the door for further upside.
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