The crypto market remains thrilling this week, with Stellar (#XLM ) and $Aster tokens in the spotlight. One is preparing to challenge key resistance, while the other continues to plummet under whale 'buying'. Is this the starting point of a new market cycle, or just another emotional rollercoaster? Let's break down the trends.
🌌 XLM: Can the 'ceiling' of $0.38 be broken?
Stellar (XLM) has been oscillating between $0.35 and $0.38 in recent weeks, forming a typical 'box oscillation'.
Support level: $0.35
Resistance level: $0.38
The current price is about $0.3656, gradually approaching the upper resistance.
📊 How to read technical indicators?
MA signal is weak: The 20-period moving average is still below the 50-period moving average, and the price is also pressed below both lines, with insufficient buying power.
RSI = 45: Hovering near the midline, market strength is balanced.
OBV volume is declining: Previous buying momentum is cooling down.
MACD turns negative: There are signs of diminishing momentum.
In other words, the market is in a wait-and-see state. Once XLM successfully breaks through $0.38, it is expected to challenge $0.40, $0.43, and $0.46 in sequence, with the final target looking at $0.50. But if it falls below $0.35, attention will likely shift to the $0.23 support zone.
Community analyst Ali bluntly stated:
"Breaking $0.38 is the first step for XLM to reach $0.50."
The market is on the verge of action, holding its breath in anticipation.
🪐 Aster: Whales are buying frantically, but the price has plunged by 19%.
Unlike the upward momentum of XLM, the Aster token has experienced a 'roller coaster'. After surging to $2.40 last week, it faced a direct crash this week:
Dropped 19% within 24 hours, falling to $1.56.
Weekly cumulative drop of 22%.
📉 How to interpret the technical pattern?
Daily chart shows consecutive Lower Highs & Lower Lows, with bears in control.
Price broke below the 9-day SMA ($1.89), and the short-term trend has turned bearish.
Candlestick patterns show a tug-of-war between bulls and bears, but buying pressure is weak.
More dramatically, despite the weakening price, large whales are 'buying the dip'.
But the market clearly does not give face. If the $1.50 support is lost, the price may slide to $1.30. To rebound, it must reclaim the 9-day moving average and break through the $2.00 mark.
Do whales dare to buy, and do retail investors dare to follow? 🧐
⚖️ Comparison of two major tokens: Game of sideways and decline.
XLM: Sideways oscillation, waiting for a breakout → Investors are concerned about 'when to attack'.
ASTER: High-level pullback, whale protection failed → The market is asking 'will it continue to fall?'.
The movements of both reflect the current sentiment in the crypto market:
Investors are looking forward to a new round of bull markets (like XLM breaking $0.38),
but they also have to face some assets giving back gains (the decline of ASTER).
📌 Summary
XLM: Breaking $0.38 = Starting the journey towards $0.50, otherwise continue to oscillate within the range or even drop further.
ASTER: Whale buying did not stop the decline, key support is at $1.50, once lost it may drop another 15%.
The crypto market remains as always - thrilling, exciting, and addictive. Traders, fasten your seatbelts, the next big fluctuation could happen anytime! 🚀📉#巨鲸动向
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