ASTER Price Prediction: Whale Sell-Off Intensifies Losses, $0.6 May Become a Key Support

Recently, the ASTER price trend has shown a clear weakening, and large whale sell-offs have further amplified the downward pressure in the market. On December 17th, a large address sold approximately 3 million ASTER tokens at once, worth about $2.33 million, ultimately locking in a loss of around $667,000. Notably, this address had been heavily buying near $0.78 two weeks ago. The short-term strategy shift reflects a significant decline in large capital’s confidence in the short-term trend.

Against the backdrop of weakening demand, ASTER broke through previous key support levels, and the accelerating sell-off quickly shifted market sentiment to caution. The continuous exit of whales not only reinforced bearish expectations but also raised doubts about the sustainability of a short-term rebound.

From a technical perspective, ASTER’s price remains within a clear downtrend channel, with a dominant bearish trend. Currently, the price hovers around $0.76, having broken below the key Fibonacci extension level of $0.836. Technically, the downside targets for sellers are sequentially $0.741, $0.646, and $0.588. The MACD indicator remains below the zero line, indicating weak momentum and limited room for a rebound.

Derivatives data also remains bearish. ASTER’s open interest has decreased by approximately 3.9%, down to $421 million, indicating traders are reducing their exposure amid high uncertainty rather than increasing positions against the trend. The decline in open interest generally suggests market deleveraging, which reduces the risk of sharp volatility but also reflects overall participation and confidence are lacking.

In terms of position structure, the short position ratio has risen above 58%, while the long position ratio is less than 42%, indicating a clear bearish market sentiment. Liquidation data also shows that long liquidations significantly exceed short liquidations, suggesting that attempts to buy the dip are frequently frustrated, while the short trend remains relatively orderly.

Overall, the combination of whale reduction, weakening technical patterns, declining open interest, and a market structure dominated by shorts points to continued short-term downside pressure for ASTER. Until clear accumulation signals or trend reversals appear, the risk of further testing the $0.65 and even $0.60 levels remains.