$ASTER – Bearish Setup Forming
The head-and-shoulders structure is becoming increasingly clear. If the neckline gives way, price could accelerate toward the 0.6 region.
On-chain data shows sizable long exposure from larger players — one position reportedly down around $3.3M but still holding, while another wallet has averaged down multiple times and remains underwater. That kind of behavior highlights how volatile and unforgiving this setup can be.
Token concentration is high, with the majority of supply held by the top wallets. In addition, a significant unlock scheduled for February 17th could introduce fresh supply into the market, adding potential sell pressure.
Technically and structurally, the bias leans bearish. If trading this scenario, manage risk carefully and position with discipline. 👇👇$ASTER
