Binance Founder CZ Accused of Market Manipulation, ASTER Token Plummets 80%
- Market Manipulation Allegations: An anonymous analyst, “Strong,” accused Binance founder CZ of manipulating the market through “pump and dump” tactics over several years, leading to sharp declines in 2021-2022, which undermined investor confidence and market stability.
- Token Performance Decline: The analyst highlighted that the ASTER token plummeted over 80% from its peak shortly after being listed on Binance, claiming that heavy selling by Binance during this period demonstrated its ability to manipulate market prices, exacerbating uncertainty.
- Political Environment Shift: The analyst noted that changes in CZ's relationship with the US government have made his manipulative actions more overt, and his previous conviction for money laundering suggests that reduced regulatory pressure may have facilitated these behaviors.
- Market Distribution Phase: The analyst argued that since October 10, the crypto market has entered a “distribution phase,” claiming that large-scale short positions were opened before the market crash, indicating a planned manipulation that further harmed investor interests.
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Technical Analysis for ASTER
Technical Sentiment Analysis for Aster (ASTER) As of , Aster (ASTER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ASTER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ASTER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aster (ASTER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.172 | 0.288 | 0.423 | 0.539 | 0.674 | 0.79 | 0.925 |
| Fibonacci | 0.288 | 0.383 | 0.443 | 0.539 | 0.634 | 0.694 | 0.79 |
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