CZ Ignites the Aster Rally 🔥 — Buy-and-Hold Move Sparks Mar
koinmilyoner
Updated at: 7 hours ago
{"content":"CZ Ignites the Aster Rally 🔥 — Buy-and-Hold Move Sparks Market Momentum!
At the beginning of the weekend, Changpeng Zhao, who had previously served as the CEO of Binance, made an official announcement that he had purchased more than 2 million ASTER tokens. Zhao reaffirms his buy-and-hold approach in his statement. This is a strategy that he had previously exhibited with BNB tokens, which he obtained during the Token Generation Event (TGE).
It is difficult for Aster's falling channel breakout rally on the 4-hour chart to break through the $1.29 resistance level. This rally was spurred by the 27% increase that occurred on Sunday. At the time of this writing, ASTER has seen a decline of more than four percent on Monday, putting it at danger of a retreat to the $0.93 support level, which is defined by the low point on October 23.
It is possible that a breakthrough of the $1.29 level might extend the rally to the $1.59 level, which is the equivalent of the high that was reached on October 13.
The relative strength index (RSI) falls from the overbought zone to a reading of sixty on the four-hour chart, indicating that buying pressure is decreasing. At the same time, the MACD and the signal line are steadily moving closer to one another, which raises the possibility of a crossing that might result in a bearish change.
The falling channel breakout rally would be nullified if the DEX token retested $0.93, which would put the market at danger of experiencing more losses.
#ASTER #CZ #AltcoinMarketRecovery $ASTER ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/03/7c5d9be77013d3e6db59551a682cb6db.jpg"],"tags":[],"tradingPairs":["ASTER/USDT"],"quotearticleid":0}