Aster Price Soars 8% As Mr Beast Boosts ASTER Holdings

byrn
By byrn
5 Min Read


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The Aster price soared 8% in the past 24 hours to trade at $1.93 as of 3:40 a.m. EST even as trading volume plunged 10% to $1 billion.

This comes as popular YouTuber MrBeast expands his cryptocurrency portfolio with another purchase of Aster tokens worth $320,000, according to Lookonchain data.

He bought 167,436 Aster tokens at an average purchase of $1.87 each.

The content creator had initially entered the market two days earlier with a purchase of over 538,000 ASTER tokens.

MrBeast’s actions reflect the general momentum surrounding the token, which has emerged as one of the most talked about coins in decentralized finance (DeFi).

Meanwhile, data from DeFiLlama shows that ASTER captured $14.3 million in fees in just 24 hours. The surge in volume placed the Aster DEX token second globally behind Tether and ahead of established names such as Circle and Uniswap.

That makes Aster’s revenue 12x larger than Hyperliquid’s $1.17 million.

Aster Price: Bullish Potential On The Horizon As It Breaks Out

The ASTER price on the 1-hour chart reveals a textbook falling wedge pattern, mostly considered a bullish reversal formation.

The wedge formed after a series of lower highs and lower lows, compressing the price into a tighter range. Toward the end of the pattern, the price successfully broke above the falling resistance line, signaling potential upward momentum.

Additionally, the price of ASTER is currently trading just above the 50-day Simple Moving Average (SMA) (blue line). This alignment often supports the idea of bullish continuation, especially when accompanied by a breakout from a strong pattern like the wedge.

Meanwhile, the Relative Strength Index (RSI) sits around 56, which is in neutral territory but leaning toward bullish.

This indicates that ASTER still has room to push higher before entering overbought conditions, leaving space for momentum to build.

The Moving Average Convergence Divergence (MACD) indicator also shows early signs of bullish crossover, as the blue MACD line has just edged above the orange signal line with green histogram bars emerging.

Aster PriceAster Price

ASTER Price Prediction

Given the breakout from the falling wedge, the supportive RSI, and the strengthening MACD signal, the short-term outlook for ASTER appears bullish.

If buying pressure continues, the Aster price could advance toward the projected breakout target of around $2.40, representing a strong gain of 25% from current levels.

However, traders should remain cautious of potential retests of the breakout zone near $1.90, as pullbacks often occur before continuation or even the strong support around $1.79.

With the token receiving continued support from Binance co-founder, CZ, and the continued accumulation by massive accounts, many analysts now believe that the asset could soar to even higher prices above $100.

The momentum suggests that ASTER could see a meaningful rally in the near term, provided it holds support above its recent breakout level.

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