- Aster price jumps 7% as rally tests $1.20 resistance level.
- Technical breakout signals potential continuation of the uptrend.
- A whale has added to its ASTER holdings, now holding more than 8.4 million tokens.
The Aster token (ASTER) is trading above $1.17 as the recent rally aims to retest the key resistance at $1.20.
An intraday gain of around 7% at the time of writing suggests a notable move for Aster, occurring alongside a strategic accumulation of 8.41 million ASTER tokens.
Consistent buying pressure, together with emerging technical patterns, could set the stage for a further upward breakout for the DEX token.
Whale accumulates 8.4 million ASTER
On-chain data highlighted in a Lookonchain post on X shows that the whale known as “ThisWillMakeYouLoveAgain” has significantly increased their Aster position since November 4, 2025.
During this period the entity acquired 8.41 million ASTER at an average price of $0.97 per token.
This $36M+ profit PEPE whale “ThisWillMakeYouLoveAgain” keeps buying $ASTER.
Since Nov 4, he has bought 8.41M $ASTER($8.14M) at $0.97 avg and currently sitting on an unrealized profit of $1.1M.https://t.co/ojMTiObP6O pic.twitter.com/fQfaKtFJ0n
— Lookonchain (@lookonchain) November 12, 2025
This accumulation has produced an unrealized gain of roughly $1.1 million as of the latest update.
On-chain activity shows the whale repeatedly depositing USDT into the Aster platform and buying tokens, indicating a deliberate accumulation strategy.
Notably, this investor previously realized substantial gains trading PEPE.
Another bullish catalyst for Aster has been buybacks.
Over the past 24 hours, ASTER buyback activity surged by 50%, reaching an average of about $7,500 per minute.
Those buybacks removed roughly 2.4 million ASTER from circulation — approximately $2.8 million in value — equivalent to about 0.12% of the circulating supply.
The resulting supply contraction has helped fuel upward price momentum, while market sentiment has been boosted by rumors of a possible Coinbase listing and a technical bounce that has drawn renewed trader interest.
Many gains can be attributed to smart market timing. Having accumulated ASTER near recent lows, investors appear increasingly confident in Aster’s upside potential.
Aster price outlook amid technical breakout
While many altcoins continue to struggle, Aster’s price has shown a technical breakout pattern.
The recent upward move and the potential test of the $1.20 level align with a breakout from a symmetrical triangle pattern on the 4-hour chart.
If price closes above the triangle’s resistance line and re-tests the area near $1.215, it could signal a shift from bearish momentum to bullish control.
Chart sourceAster by TradingView
Momentum indicators support the move: RSI has climbed above 62 and appears poised to rise further, while the Chaikin Money Flow shows steady inflows.
CMF readings point to consistent capital entering the market, suggesting an accumulation phase that could push Aster toward higher resistance levels.
Should the $1.20 barrier be breached, technical targets suggest a near-term range between $1.25 and $1.50.
However, the sustainability of the rally depends on continued market support.
Wider market weakness could give bears the upper hand, so the coming days will be crucial to determine whether Aster can maintain momentum above $1.20.
If the move fails, price may fall to immediate support around recent lows near $1.08 and $0.96.