ASTER Momentum Could Push Toward $6
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.
