Aster has launched Shield Mode, a protected trading feature for high-leverage perpetual traders. It supports up to 1001x leverage, instant execution, zero slippageAster has launched Shield Mode, a protected trading feature for high-leverage perpetual traders. It supports up to 1001x leverage, instant execution, zero slippage

Aster Shield Mode Launch Sparks Optimistic Hope for ASTER Price Recovery

  • Aster offers trading on BTC and ETH with up to 1001x leverage, instant execution, and zero fees until December 31.
  • The token highlights market volatility as whale 0xFB3B loses over $35 million in recent trades.
  • Technical indicators show the token nearing oversold levels, with RSI at 32.84 and MACD signaling bearish momentum.

Aster has launched Shield Mode, a protected trading feature for high-leverage perpetual traders. It supports up to 1001x leverage, instant execution, zero slippage, and no fees during launch, starting with BTC and ETH pairs. Traders can open one-tap LONG or SHORT positions with isolated margin for precise risk control.

Shield Mode is unique in its privatized execution, which does not involve placing orders on public order books in order to protect from front-running. There are also no fees until Dec 31, though this traffic won’t be counted in the Aster airdrop. This function represents one of the first implementations of Aster Chain privacy solutions, which include commission and profit-only fees in future updates.

Also Read: ASTER Price Prediction: Channel Breakout Could Sparks the Rally to $2.50

ASTER Whale Suffers Losses Amid Market Volatility

In spite of this big improvement, the crypto whale 0xFB3B has still faced huge losses on the token, citing volatility in the trade, based on data provided by the Lookonchain platform. Just 10 hours ago, the whale sold 13.44 million tokens valued at $13.04 million back to Binance. This happened only six days after the whale had withdrawn the amount. This added another $1.37 million to the losses.

Source: Lookonchain

Whale losses on the ASTER platform now amount to over $35.8 million, attracting the attention of both analysts and retail investors alike. Analysts point out that even major holders are also susceptible to market fluctuations and poor timing. Trades made by 0xFB3B are a clear case of the dangers of being drawn into short-term profits in the crypto markets.

Technicals Show ASTER Approaching Oversold Levels

Technically, it can be noted that the price has had an extensive downtrend, dropping from over $2.00 to around $0.80. Recent candles indicate increasing bearish pressure, illustrated by various red candles that push prices to fresh lows. A major dip was seen in mid-December, showing intensified selling pressure, which snapped below temporary support at $0.90.

Source: TradingView

The current RSI reading is at 32.84, which indicates that it is almost approaching an oversold region but is not in that region yet. The MACD looks negative because of the negative histogram and is below the signal line. The trend shown by technical indicators is negative, but an oversold region can develop buying interest at any time.

Also Read: Aster DEX Buybacks Could Drive ASTER Price Toward $1.10 Breakout

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