Assessing ASTER’s price action after $1.37M token unlock — What’s next?

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Aster executed a token unlock worth $1.37 million, with over 70% allocated to ecosystem staking and airdrops. ASTER’s price has been testing the lower boundary of its six-month trading range between $0.595 and $0.775, trading below all major exponential moving averages. A liquidation cluster exceeding $1 million sits near $0.58, emerging as the next downside target should the range support fail. Despite this weakness, Weighted Funding Rates remained positive at 0.0068%, suggesting leveraged traders are positioning for a potential recovery.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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