- ASTER shows sustained lower highs and lower lows, reflecting prolonged selling pressure despite brief rebounds and short-lived consolidation zones.
- Cumulative net longs rise while shorts decline, indicating long traders consistently add positions amid a persistent downtrend on Binance Perp.
- Liquidity heatmap reveals dense resistance above $1.20–$1.40 and strong support near $0.90–$1.00, guiding price movements and liquidations.
ASTER has continued struggling to sustain upward momentum despite repeated attempts by traders to push prices higher. The market shows signs of exhaustion, and long positions remain heavily concentrated.
Price Action Shows Sellers in Control
The ASTER price is on a clear downtrend following an initial peak. The market has transitioned into a series of lower highs and lower lows. This is reflecting the ongoing selling pressure. Several consolidation zones form briefly but fail to reverse the overall trend.
A short rebound appears mid-chart but does not surpass prior resistance levels, indicating continued bearish sentiment.The price recently stabilized around $0.93–$0.94, and formed a potential base. However there is yet no confirmation of reversal. Candlestick patterns suggest that volatility is diminishing, implying that buyers are hesitant to re-enter .
Market participants are facing persistent pressure as previous rallies fail to hold. The ongoing structure suggests sellers are dominating, and the absence of a higher low or breakout signals that the downtrend could continue without intervention.
Long Positions Build Despite Falling Prices
Cumulative net longs have been increasing while cumulative shorts steadily decrease, showing an imbalance between trader positioning and price movement. Traders continue to add long positions even as the price weakens, creating risk for over-leveraged participants.
The liquidation events among long traders are driving price drops. Sharp declines occurred as these traders were forced to exit positions, confirming a self-reinforcing downtrend. Meanwhile, decreasing short exposure shows weakening bearish conviction despite falling prices.
This dynamic emphasizes that ASTER’s current risk lies in the concentration of longs during a persistent downtrend. The growing imbalance increases the likelihood of further downward moves if market sentiment fails to shift.
Top Traders’ Behavior and Liquidity Patterns
Top Binance traders have maintained a net-long bias between 66% and 74% during this period. The proportion dropped from 74% to roughly 68%, reflecting a slight reduction in long confidence while price continued to decline.
The liquidity heatmap shows heavy clusters above and below price levels. Bright zones above the market, particularly around $1.20–$1.40, acted as resistance, limiting upward movement. Conversely, dense liquidity near $0.90–$1.00 attracted price, resulting in liquidations and accelerated drops.
Limited resistance above current price allows minor rebounds, yet strong liquidity below indicates potential downward pressure remains. This structural view supports the observation that ASTER’s market is dominated by liquidity-driven activity, consistent with a trend-driven decline.
