Aster Token on the Rise Despite Market Recession

Aster Token Rises Despite Market Stagnation

Despite the recent cryptocurrency market stagnation, Aster's native token ASTER has performed remarkably well, gaining over 15%. This rise puts Aster at the forefront of the day's top rising assets and is attracting investor interest.

Smart Investor Demand Increases

Aster's significant rise is supported by increased demand from "smart investors". The widespread willingness to buy across the market suggests that ASTER is poised to reclaim its all-time high and potentially record new price peaks.

Rise Continues According to Chart Analysis

The 4-hour chart of the ASTER/USD pair reveals that the token has been steadily increasing on the Smart Money Index (SMI) since its launch on September 17. This suggests that the price increase has received significant support from key token holders. Momentum indicators are at 2.36 as of 4:15 p.m. PT, continuing the uptrend, which creates a positive expectation among investors.

Smart Money Index and Market Dynamics

Smart money refers to capital managed by institutional or experienced investors with deep knowledge of market trends and timing. The SMI tracks the activity of smart investors by analyzing price movements during the day. In particular, it helps to understand market dynamics by comparing morning selling, dominated by individual traders, with afternoon buying, when institutions are more active. ASTER showing an upward trend indicates that smart money is accumulating the asset and that further upside is possible.

The information contained herein is not investment advice; you should base your investment decisions on your own research.