AirSwap's AST Token Soars 115% Amid Whale Frenzy and Bullish Signals

AST Rides High on Whale Interest and Technical Breakouts

Hold onto your hats, crypto fans! AirSwap's native token, AST, skyrocketed a mind-blowing 115% as whales dove back in and the charts screamed "buy!"

From YTD Lows to Intraday Highs

Get this: according to CoinGecko data, AirSwap (AST) hit an intraday high of $0.071 on June 23 afternoon Asian time, blasting off 255% from its year-to-date low of just $0.020. Talk about a comeback!

AirSwap Defies Market Downturn

Here's the kicker: AirSwap pulled off this rally while the global crypto market cap tanked about 3% to $3.2 trillion. Heavy hitters like Bitcoin (BTC) and Ethereum (ETH) kept sliding, dragged down by Middle East tensions and investors scrambling for safety. But AST? It just kept climbing.

AST Cools Off, But Bulls Remain Optimistic

By the time we hit the presses, AST had chilled out to $0.051, trimming its daily gain to around 51%. But don't count it out yet—the charts and on-chain vibes suggest this token's got more gas in the tank.

Technical Breakouts Signal Further Upside

Check this out: on the 4-hour/USDT chart, AST busted out of a multi-week descending channel, a move that screams "reversal" when backed by volume. Plus, it broke out of a bull-flag pattern, a sign that often means "more upside ahead."

AST's now trading above both the 50-day and 200-day SMAs. And guess what? The 50-day looks set to cross above the 200-day—a golden cross, baby! That's the kind of long-term bullish signal traders dream about.

To top it off, the MACD lines are pointing up, and the Supertrend indicator just flipped green. All signs point to a short-term bullish party.

AST's Next Targets: $0.071 and Beyond

From a price-action POV, AST might take another shot at that $0.071 high. If it breaks through, watch out—a rally toward the next resistance at $0.095 could be on the cards. That level hasn't been touched since April!

Whale Accumulation Fuels the Rally

Here's the real scoop: whale accumulation is driving this beast. CoinMarketCap data shows these big fish now control a whopping 83.8% of AST's circulating supply. Retail traders are watching closely—that's prime institutional sentiment intel right there.

Oh, and get this: total AST on exchanges dropped over 21% in the last three months. Less supply, more demand—classic bullish setup.

AirSwap Community Buzzes with Upcoming DAO Initiatives

On the dev side, the AirSwap crew's got a community call lined up for June 25 to spill the beans on some hot DAO-related projects. The announcement's got the whole ecosystem buzzing, and that could keep the attention locked on AST in the short term.

High Concentration Risk Looms Large

But hold up—there's a catch. CoinMarketCap data shows the top 10 holders control nearly 80% of the circulating supply. That's a lot of power in a few hands, and it could mean sudden sell-offs or price manipulation if things go south. Volatility's always a risk when demand's not strong enough.

Disclaimer: Not Investment Advice

Listen up, folks: this article's not telling you what to do with your cash. It's just here to educate and inform. So keep that in mind before you make any moves!