ASTER: To the Moon…Or Just Sideways? 🚀

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So, Aster DEX, right? It’s had a bit of a wobble, down 5% even though everyone on CoinMarketCap – and that’s a LOT of people, 60,000-plus, for goodness sake! – thinks it’s brilliant. Bullish at 75%, they say. Honestly, you’d think someone would have noticed the drop. 🤷

It’s currently clinging onto the $1 mark, which is good, I suppose. Like a climber desperately holding a ledge. But mostly, it’s just…sideways. Thrilling. The kind of action that keeps crypto analysts in business, mostly.

Apparently, the initial hype has evaporated, which in the world of crypto is roughly equivalent to a dandelion clock in a hurricane. It aligns with the wider market, which is, shall we say, not exactly setting the world on fire at the moment.

And yet… and yet! There’s a historical pattern thing happening, despite, as they say, “fundamentally challenging factors.” Which is a wonderfully vague phrase, isn’t it? It suggests something complex is going on, even if no one actually knows what.

Is ASTER’s 30% rally coming in December?

The last few days have been a bit of a muddle – kinda like my sock drawer. The price swung around after those briefly exciting times when it reached $1.40. It’s a sign, apparently, of “accumulation.” Which means people are…buying it? Seems obvious, but these things rarely are in this world.

And the On Balance Volume (OBV) is doing a similar dance to what it did in November. History repeating itself! Or, possibly, just random noise. It’s a coin flip, really. And ASTER is apparently eyeing $1.50. Bold move.

But it needs to break through this “descending trendline” – sounds ominous, doesn’t it? – in the same way it eventually escaped the earlier sideways drift. Pretty much like escaping a very slow, tedious meeting.

There’s a tiny hint of optimism in the MACD, which is faintly green, like a slightly unripe avocado. The signal lines are still doing their own thing, and the bars are small, meaning buyers are tiptoeing in and haven’t quite taken charge. Yet.

So, a 30%+ gain is possible, theoretically. However, activity on the chain is dwindling, and there’s a potential flood of tokens coming onto the market. That’s right, a token unlock is looming like a slightly unwelcome houseguest. Could put a damper on things, to say the least. 😬

Weak activity but better than Hyperliquid

Trading volume is up 10%, apparently. ASTER is outperforming Hyperliquid, which is a name that sounds like a futuristic energy drink. ASTER is shifting $5.467 billion, while HYPE is at $4.605 billion. A win! Albeit a rather technical, spreadsheet-driven one.

Astonishingly, it’s doing better even though it launched after Hyperliquid. A classic underdog story. Except it involves digital money and complicated charts. But still!

However, other metrics aren’t so cheerful. The DEX and perp volumes are dropping, and fees are plummeting. Apparently, they’re down to $1.18 million. Which, in the grand scheme of things, is…well, it’s something. TVL (Total Value Locked) has also taken a hit, tumbling by almost half. All very depressing.

This is all…less than ideal. But remember, markets shift. Stuff happens. It could all turn around tomorrow. Or not. Who knows? 🤷‍♀️

Upcoming sell pressure

December is shaping up to be a bit of a token-unlocking frenzy. ASTER and Sui Network are leading the charge, with over $86 million worth of tokens becoming available. That’s a whole lot of fresh supply, all potentially looking to be sold. Yikes!

Specifically, 3.89% of ASTER’s market cap – a hefty 78.41 million tokens – will be unleashed. Although, reassuringly, over 55% remains locked up, with some still awaiting an unlock date. So, not everything is going to be dumped at once…presumably.

This influx could put the brakes on any potential rally, because…supply and demand. Basic economics. Ugh.

Final Thoughts

  • The technical charts suggest a possible 30% price increase for ASTER. Fingers crossed!
  • But the underlying activity and the looming token unlock are making things look…challenging.

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2025-11-30 11:10