The cryptocurrency market is abuzz with the impending Coinbase listing of Aster (ASTER), set to go live on November 20th. This strategic move is expected to unlock significant access for U.S. traders and comes at a time when ASTER’s market sentiment is already strongly bullish.
Bullish Momentum Builds Pre-Listing
Ahead of its debut on Coinbase, Aster has been exhibiting compelling bullish signals across its derivatives and technical charts. Analysis reveals a surge in funding rates, indicating a clear preference for long positions as traders anticipate price appreciation. Concurrently, substantial short liquidations, exceeding 15K, underscore a growing dominance of bullish sentiment, effectively squeezing out bearish bets. Technically, ASTER's price is robustly holding above its 20-day Exponential Moving Average and testing a critical demand zone near $1.23, which also aligns with an ascending trendline support. These indicators collectively paint a picture of strong upward pressure, suggesting a potential rally even before the official launch.
The Coinbase Catalyst and Future Outlook
The highly anticipated Coinbase listing is poised to act as a significant catalyst, amplifying Aster’s inherent market strength. By opening its doors to a vast new pool of U.S. retail and institutional investors, the listing is expected to inject substantial fresh liquidity and ignite spot demand. This influx of new buyers, combined with the ongoing bullish derivative activity and short squeezes, could propel ASTER into a strong rally. The stage is set for a potential breakout, especially if the typical "listing liquidity wave" materializes, pushing the token towards new all-time highs as long positions continue to dominate.
