ASTER fell 5%. This pullback came after a 10% rally that reflected the broader crypto market recovery.
The altcoin began its run after the rise of MYX Finance, which sparked interest in this sector after a period of inactivity. A partnership with Binance has further increased its price.
According to Satoshi Club on X, ASTER jumped over 6% upon the announcement.
This meant increased trading activity of the token alongside increased volume. In addition to increased business activity, there is a risk of debt overhang, as this could affect the sustainability of trends.
On-Chain Activity Drives Price Action
On the channel activity side, Nansen AI data supported this bullish charge. For starters, five active portfolios of top PnL traders have posted net inflows of over $70,000 over the past seven days.
Additionally, new wallets have accumulated over $685,000 in capital over the past week. However, some public figures were selling, even though their capital of $24,000 was not enough to shake the uptrend.
Other data showed that currency outflows, bullish in nature, were increasing. These net outflows exceeded $3.1 million, indicating accumulation.
Source: Nansen AI
Additionally, the number of holders has increased over the past month. Interestingly, since January 5, the number of holders has increased from 200,000 to 206,63,000 at the time of publication.
Source: CoinMarketCap
Market capitalization also reached $1.94 billion after a period of inconsistency since late 2025.
As the metrics showed potential for further upside, the price action was on the rise. Will it continue to stay above the breakout zone?
ASTER sees gains of 120%
On the charts, ASTER broke out of a massive falling wedge pattern and appears to have completed the retest. After the pullback following the breakout, this leveled out the low around $0.67.
The break-even volume (OBV) stood at $200 million, suggesting massive trading.
Chaikin Money Flow (CMF) was above neutral, indicating that 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 above 120% in the coming sessions. This was according to a prediction by Captain Faibik about X.
If the prediction comes true, ASTER could soon cross the $1 mark.
Final Thoughts
- ASTER rallies after Binance partnership and growth in chain activity.
- To bounce back 120%, ASTER must stay above the falling wedge pattern.
