https://www.tradingview.com/x/DJneJukq/
Aster (ASTER) has been one of the strongest performers in the market this week, rallying over 2,000% according to multiple sources. The project positions itself as a decentralized perp DEX with features like hidden orders, multi-chain support, and even on-chain stocks trading up to 100x leverage. Backing from YZi Labs, a firm associated with Binance’s founder CZ, has further fueled speculation and attracted whales.
Why I see $6 as a realistic short-term target:
Strong Momentum — Price action shows parabolic growth with high-volume confirmation. Momentum plays like this often overshoot before retracing.
Low Float & Supply Pressure — With a limited circulating supply, ASTER reacts quickly to buying pressure.
Speculative Catalysts — CEX listings (Bitunix already listed ASTER/USDT and perps) show growing traction, and traders are betting on a potential larger exchange listing.
Market Psychology — After such rapid gains, round numbers like $5 and $6 act as magnet levels, especially when retail FOMO is high.
My Trading Plan:
Entry: Pullbacks around $2.5–$3 zones (support from recent consolidation).
Target: $6 (psychological and Fibonacci extension level).
Stop-Loss: Below $2.0 (invalidate momentum structure).
Risk Factors:
Token unlocks could flood supply.
Extremely high volatility with potential 40–60% intraday swings.
Regulatory and adoption risks for perp DEXs.
Aster (ASTER) has been one of the strongest performers in the market this week, rallying over 2,000% according to multiple sources. The project positions itself as a decentralized perp DEX with features like hidden orders, multi-chain support, and even on-chain stocks trading up to 100x leverage. Backing from YZi Labs, a firm associated with Binance’s founder CZ, has further fueled speculation and attracted whales.
Why I see $6 as a realistic short-term target:
Strong Momentum — Price action shows parabolic growth with high-volume confirmation. Momentum plays like this often overshoot before retracing.
Low Float & Supply Pressure — With a limited circulating supply, ASTER reacts quickly to buying pressure.
Speculative Catalysts — CEX listings (Bitunix already listed ASTER/USDT and perps) show growing traction, and traders are betting on a potential larger exchange listing.
Market Psychology — After such rapid gains, round numbers like $5 and $6 act as magnet levels, especially when retail FOMO is high.
My Trading Plan:
Entry: Pullbacks around $2.5–$3 zones (support from recent consolidation).
Target: $6 (psychological and Fibonacci extension level).
Stop-Loss: Below $2.0 (invalidate momentum structure).
Risk Factors:
Token unlocks could flood supply.
Extremely high volatility with potential 40–60% intraday swings.
Regulatory and adoption risks for perp DEXs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.