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ASTER plunges 15% after $4.6M long liquidations spark panic selling in crypto derivatives.

Market News
23 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

ASTER's price dropped sharply from $0.77 to a low of $0.61, a 15% decline, following $4.6 million in long position liquidations triggered by renewed U.S.-Canada trade tensions. This caused panic selling in the derivatives market, with open interest and trading volumes falling significantly, indicating traders are reducing exposure. The altcoin's Relative Strength Index (RSI) also weakened, signaling a potential bearish trend if selling pressure continues. To reverse the downtrend, ASTER needs to close above $0.65 daily; otherwise, it risks dropping below key support at $0.59.

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