More of a fundamental $ASTER update, the volumes are NOT confirming the intent, and some bearish HIDDEN OBV divergence right under the GOLDEN POCKET.
Not many people pay attention to golden pockets once they fail as support/reversal zones. Big mistake, they usually end up being the strongest of resistance zones in case of a reversal.
So, $ASTER has actually been underperforming the wider crypto market under these resistances, great on-chain results, steady incomes, much lower than the numbers pre-DEFILLAMA-delisting on 5 OCT (attached #DeFiLlama graph for visuals).
Daily revenues from fees now between $2M and 3M, whereas before the 6th of OCTOBER llama-drama, between $12M and $25M. You believe what you want to believe, the fees are still great, only the 2nd #Buyback is NOT going to be as big as the one we had.
No, the latest ape-ins are likely in for a disappointment short-term. Just my 2 cents, but at the end of the day it's about the project's fundamentals in this case, growth in users, volumes is necessary for the price action to follow.
šš½
