ASTER Plunges as Whales Sell at Loss, Breaking Key Support Levels

ASTER plunged over 20% in a week as whales sold millions of tokens at a loss, breaking key support levels. Bearish sentiment prevails, with technicals and volume signaling further downside risk.

ASTER has experienced a sharp decline, dropping over 20% in the past week and nearly 10% in the last 24 hours, as major holders, including whale 0x7771, sold millions of tokens at a significant loss. The whale offloaded three million ASTER for $2.33 million, incurring a 22% loss, reflecting a broader trend of risk reduction among large investors. This selling pressure has pushed ASTER below key support levels, with the price hovering around $0.74–$0.77 and sentiment remaining bearish. Technical indicators confirm a bearish structure, with lower highs, a descending trendline, and momentum pointing downward. Increased trading volume suggests more participants are exiting, and rebounds are seen as corrective rather than signs of recovery. Despite ongoing development on the Aster platform, including new features and token unlocks, investor focus remains on price stability, and further declines are possible if buying interest does not return.