ASTER retraced by 5%. This pullback came after its 10% rally that reflected the broader crypto market recovery.
The altcoin started its run after MYX Finance’s bull run, which piqued interest in this sector following a period of inactivity. A Binance partnership further boosted its price.
Per Satoshi Club on X, ASTER jumped over 6% upon the announcement.
This meant increased trading activity of the token alongside a volume surge. Apart from increased trading activity, there was the risk of overleveraging, as this could affect the sustainability of trends.
On-chain activity driving price action
On the chain activity side, the data from Nansen AI supported this bullish charge. To begin with, five active wallets of the top PnL traders showed net inflows of more than $70K over the past seven days.
Additionally, fresh wallets accumulated over $685K in capital during the past week. However, some public figures were selling, though their $24K capital was not enough to shake the uptrend.
More data showed that exchange outflows, which are bullish in nature, were spiking up. These net outflows exceeded $3.1 million, indicating accumulation.
Source: Nansen AI
Additionally, the number of holders was on the rise over the past month. Interestingly, since the 5th of January, holders rose from 200K to 206.63K as of press time.
Source: CoinMarketCap
The market cap also spiked to $1.94 billion following a period of inconsistency since the end of 2025.
While the metrics showed the potential to rise further, the price action was on the rise. Will it sustain staying above the breakout zone?
ASTER eyes 120% gains
On the charts, ASTER broke out from a massive falling wedge pattern and seemed to have completed the retest. This after the pullback that followed the breakout equaled the low around $0.67.
The On Balance Volume (OBV) was at $200 million, suggesting massive trading.
The Chaikin Money Flow (CMF) was above the neutral, indicating capital was being pumped into the token, especially with the Binance partnership on leveraged trading.
Source: TradingView
Staying above the breakout zone could open the door for a rally in excess of 120% over the next few sessions. This was according to a prediction post by Captain Faibik on X.
If the prediction comes to pass, ASTER could cross the $1 milestone soon.
Final Thoughts
- ASTER rallies after a Binance partnership and chain activity growth.
- To rally 120%, ASTER needs to stay above the falling wedge pattern.
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