ASTER Price Prediction: Whale Moves Fuel $4 Target For November

Since its launch, the native token of AsterDEX, ASTER, has demonstrated strong momentum. This bullish outlook of ASTER price is partly influenced by support from CZ, the founder of Binance.

Additionally, the CEO of the DEX, Leonard, said that they were testing their own blockchain. This episode demonstrated how DEXs were quickly overtaking CEXs, such as Binance. However, YZi Labs, the DEX’s backer, linked it to Binance.

While many eyed a higher price, some analysts were overly optimistic with their ASTER price prediction at $4 by November. With that in mind, we will examine the metrics and behaviors that support this bold prediction and its feasibility.

Chain Activity: Whale Bets Big on ASTER, Volume Growth

The first go-to sector was on-chain activity. It held significance since the token’s utility depended on users embracing the platform. Interestingly, the big players held this view, as seen in a post on X (formerly Twitter) by Onchain Lens.

A whale bought over 5 million ASTER tokens worth more than $7.65 Million. The tokens were transferred from Binance to an external wallet. The withdrawal could signal a transfer for management or a consolidation activity in anticipation of appreciation.

The first go-to sector was on-chain activity, which held significance since the token’s utility depended on users embracing the platform. Interestingly, the big players held this view, as seen in a post on X (formerly Twitter) by Onchain Lens.

A whale purchased over 5 million ASTER tokens valued at more than $7.65 million. The tokens were moved from Binance to an external wallet. This large transaction has sparked fresh interest in the ASTER price.
The withdrawal could signal a transfer for management or a consolidation activity in anticipation of appreciation.

Last year’s surge in DEX volume was driven by Hyperliquid (HYPE). However, its contribution this year was not as significant, especially after the launch of these two. As the metrics indicate a bullish trend, what can we expect the price to be?

ASTER Price Prediction: Key Levels To Watch

On the charts, the altcoin was starting to show bullish signs. However, confirmation of this shift required the ASTER price to rise above $1.60. ASTER had managed to reach $1.50 after the crypto crash. This had been increased to $0.90, just below a dollar.

Based on the patterns, the key levels to watch were $1.60 and $2.20. Reclaiming the previous level could push the price toward $2.20. Sustained momentum beyond that may lead to a new peak above $2.42.

But failure to successfully reclaim $1.60 could mean bear dominance would continue. Reclaiming $1.60 could help keep the ASTER price within its current trading range. This level has held steady since the last ten days of September.

Analyst Eyes $4 By November: Is It Within Reach?

Crypto General was very bullish on the altcoin. The company bounced back after weathering the recent market downturn. It has now reclaimed the key support zone at $1.50.

General’s post was full of renewed confidence, with the trader calling ASTER their “strongest Q4 bet.” He predicted that the ASTER price could reach $4 or higher by November.

The chart analysis by Crypto General supported this optimism. Technically, ASTER had emerged from a correction and was entering a consolidation phase, making higher highs and lows. After the breakdown of the structure during the flash crash, a market structure shift followed.

In conclusion, if the volume stays high and the fundamentals stay strong, the asset could reach this target. However, there was a glitch; the upcoming massive unlocks could induce sell pressure by increasing supply.

The $4 target for ASTER was still realistic with the current circulating supply of 2B tokens, but the unlock could spoil the party.