Aster’s price reexamines the $1.20 threshold as a whale scoops up 8.4 million tokens.

The price of Aster (ASTER) has surged by 7%, as bulls eye a test of the resistance level at $1.20. This rise indicates strong momentum amidst notable accumulation, with one whale now holding over 8.4 million ASTER tokens.

Aster Price Movement and Accumulation Insights

Currently priced above $1.17, the Aster token enjoys an intraday gain of 7%, reflecting a steady interest in this cryptocurrency. This increase occurs alongside significant accumulation, where a whale has bought 8.4 million ASTER tokens recently.

The strong buying activity, coupled with emerging technical patterns, hints at a possible breakout for this decentralized exchange (DEX) token.

Whale Accumulation Trends

Recent on-chain data highlighted by Lookonchain reveals that the whale known as “ThisWillMakeYouLoveAgain” has significantly bolstered its Aster holdings since November 4, 2025. During this period, the whale acquired 8.41 million ASTER tokens at an average price of $0.97 each.

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. pic.twitter.com/ojMTiObP6O

— Lookonchain (@lookonchain) November 12, 2025

This accumulation has generated an unrealized profit of $1.1 million, according to recent updates. The transaction history of the whale indicates a series of USDT deposits on the Aster platform and subsequent token purchases, hinting at a calculated investment strategy.

Furthermore, the surge in Aster’s price can be attributed to increased buying pressure, evidenced by a 50% rise in token buybacks in the last 24 hours, equating to a rate of $7,500 per minute. This initiative removed 2.4 million ASTER tokens from circulation, valued at approximately $2.8 million, or 0.12% of the total supply.

The resulting decrease in supply combined with rumors of a potential listing on Coinbase has reinforced bullish sentiment, sparking a renewed interest among cryptocurrency traders.

Price Outlook for Aster Amid Technical Breakout

While numerous altcoins are struggling, Aster has showcased a technical breakout. The token’s increase and the potential retest of the $1.20 mark correspond with a breakout from a symmetrical triangle pattern on the 4-hour chart. Should bulls manage to close above the triangle’s resistance line and test levels around $1.215, it will signal a shift from bearish to bullish momentum.

Technical indicators such as the RSI and Chaikin Money Flow further substantiate this trend, with the RSI exceeding 62 and likely to extend upwards. The CMF metric indicates consistent capital inflows, suggesting an accumulation phase that could propel Aster to higher resistance levels.

If the $1.20 barrier is breached, technical forecasts suggest potential targets between $1.25 and $1.50 in the short term. However, market support will be crucial for the bulls. In contrast, a broader market weakness could allow bears to seize control, making the upcoming days critical in determining whether Aster can maintain its bullish momentum above $1.20.

Should a negative reversal occur, prices might fall to immediate support levels at $1.08 and $0.96.