On January 15, news reports indicate that ASTER experienced a slight correction after a rapid surge, with the price falling about 5%. Previously, the token had risen nearly 10%, aligning with the recent overall market recovery in the cryptocurrency sector. The market generally believes that this wave of upward movement in ASTER is not accidental but the result of multiple positive factors stacking up.
The initial boost was driven by a strong rally from MYX Finance. After a period of dormancy, MYX Finance regained market attention, and related narratives quickly spread. Subsequently, news of collaborations related to ASTER with mainstream CEX ecosystems was released, further attracting capital inflow. According to Satoshi Club on the X platform, after the announcement, ASTER surged over 6% in a short period, with trading activity significantly increasing.
However, while trading volume increased, concerns about excessive leverage also arose. Short-term capital influx helped push prices higher, but if market sentiment cools, volatility risks cannot be ignored.
On-chain data shows that the rise was not solely driven by sentiment. Nansen AI indicates that in the past seven days, the wallets of five high-probability traders had a combined net inflow of over $70,000; during the same period, new addresses accumulated approximately $685,000 in inflows. Although some public figures reduced holdings by about $24,000, the scale was limited and had little impact on the overall trend.
Additionally, funds from exchange-related addresses have net flowed out over $3.1 million, generally seen as a mid-term bullish signal. The number of addresses holding the token has also continued to grow, increasing from 200,000 on January 5 to about 206,600, with market cap rising back to $1.94 billion.
From a technical perspective, ASTER has effectively broken through a long-term descending wedge and completed a retest for confirmation. The OBV indicator remains high, and the CMF shows ongoing capital inflow. Some analysts believe that as long as the price stabilizes above the breakout zone, the upward potential could open up, with a theoretical increase of up to 120%, challenging the $1 mark. However, in the short term, the market should remain cautious of the risks of a pullback due to high leverage.
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