Aster price jumped 7% as bulls retested the $1.2 resistance level.
Technical breakout signals a potential upside continuation.
A whale has added to their ASTER accumulation, now holds over 8.4 million of these tokens.
The Aster (ASTER) token has its price hovering above $1.17 as bulls look to retest the $1.2 resistance level.
While the 7% intraday gains as of writing suggest a quiet day in Aster price movement standards, the uptick comes amid a notable strategic accumulation of 8.4 million ASTER tokens.
Consistent buying activity, coupled with emerging technical patterns, could shape an upside explosion for the DEX token.
Whale accumulates 8.4 million ASTER
Recent on-chain data, highlighted in a post by Lookonchain on X reveals that the whale “ThisWillMakeYouLoveAgain” has significantly bolstered its position in Aster since November 4, 2025.
Over this period, the entity has acquired 8.41 million ASTER tokens, purchased at an average price of $0.97 per token.
This $36M+ profit PEPE whale “ThisWillMakeYouLoveAgain” keeps buying $ASTER.
Since Nov 4, he has bought 8.41M $ASTER($8.14M) at $0.97 avg and currently sitting on an unrealized profit of $1.1M.https://t.co/ojMTiObP6O pic.twitter.com/fQfaKtFJ0n
— Lookonchain (@lookonchain) November 12, 2025
This accumulation has yielded an unrealized profit of $1.1 million as of the latest updates.
Per onchain data, the whale’s transaction history spans multiple deposits of USDT into the Aster platform and subsequent token purchases. It speaks of a calculated strategy.
Notably, this investor previously realized substantial profits from trading PEPE.
Another factor that is pulling Aster up is buybacks.
Over the past 24 hours, ASTER token buybacks surged 50%, reaching a pace of $7,500 per minute.
The initiative removed 2.4 million ASTER coins from circulation, valued at approximately $2.8 million, equivalent to 0.12% of the total circulating supply.
The resulting supply reduction has provided bullish momentum for the token, with market sentiment further lifted by rumors of a potential Coinbase listing and a technical rebound that has drawn renewed interest from crypto traders.
A lot of the wins are down to astute market timing, and having bought ASTER at lows this past few weeks, the suggestion is that the bull has fresh confidence in Aster’s potential.
Aster price outlook amid technical breakout
While many altcoins continue to struggle, Aster’s price has exhibited a technical pattern breakout.
The token’s uptick and potential retest of the $1.2 level align with a breakout from a symmetrical triangle pattern on the 4-hour chart.
If bulls close above the resistance line of the triangle and print a retest around $1.215 seen earlier, it could be indicative of a reversal from bearish to bullish momentum.
The RSI and Chaikin Money Flow indicators further support this trend, with the former above 62 and likely to extend upward.
The CMF metric signals consistent capital inflows and hints at an accumulation phase that could propel Aster toward higher resistance levels.
Should the $1.2 barrier be breached, technical forecasts suggest potential targets between $1.25 and $1.50 in the near term.
Bulls’ plans will be contingent on continued market support.
However, with broader weakness, bears might have other plans.
The coming days will therefore be critical in determining whether the token can sustain upside momentum above $1.2 or not. In the case of a negative flip, prices may fall to immediate support at lows of $1.08 and $0.96.
