October winds are shaking more than just trees; in the world of crypto, they’re also disturbing the routines of traders, token developers, and AI enthusiasts. Today’s updates cover aster’s intriguing double bottom formation, Lumera’s ambitious leap into permanent data storage for AI, and the watchful posture of whales and everyday investors. Here’s your condensed guide to what’s shaping the landscape for investors and builders eager to stay ahead.
Double bottom drama: aster (ASTER) teases a bullish turn
The aster token has become the focal point for technical analysts. Following a steep drop during the recent market downturn, ASTER made a valiant stand at $1.20, a zone that has now been tested twice, confirming a classic double bottom pattern. This isn’t just an academic exercise; the $1.20 level also coincides with the 0.618 Fibonacci retracement, a hotspot for both technical traders and larger market players looking to accumulate.
What’s on the horizon? Analysts believe that a decisive close above $1.83 could ignite bullish energy and attract sidelined capital. Should ASTER achieve this milestone, it may swiftly move towards previous resistance around $2.00, with potential for even more as trading volume increases.
Market sentiment insights
- Bullish signs: The chart displays “higher highs and higher lows”; there’s solid bid support at $1.20; whales are reportedly increasing their holdings.
- Bearish perspectives: The Fear & Greed Index rests at 28; wider market sentiment points towards a bearish outlook for 2025 unless momentum shifts dramatically.
- Price projections: Optimists see targets between $3 and $5 by late 2025 if liquidity flows back and Bitcoin holds strong; cautionary forecasts indicate a slide to $0.98 if sentiment does not improve soon.
In practical trading terms, the groundwork is laid, but buyers need more conviction. Confirmation above $1.83, paired with increased volume, would provide the momentum bulls require. In the meantime, the strategy is one of patience.
Lumera protocol: bold bet on permanent, decentralized AI storage
Meanwhile, the noise intensifies around the Lumera Protocol—a relaunch of the Pastel Network—as it introduces what many consider crucial Web3 infrastructure: permanent, decentralised storage for AI data. This isn’t just another “file storage on chain” attempt. Lumera’s Cascade module promises an innovative economic model—pay once and access forever—with a fail-proof design, ensuring data fragments are dispersed across a network of SuperNodes, which automatically reconstructs lost files.
What makes Lumera unique
- AI-focused utility: It seizes the soaring demand for on-chain training and verifying of AI models, including applications in copyright and authenticity in an algorithmically governed ledger.
- Builder-friendly: Its modular design allows easy plug-and-play integration: Cascade for storage, Sense for media verification, and Inference for executing AI tasks on-chain, all accessible via the Lumera Hub without extensive technical know-how.
- Interoperability assured: Built on Cosmos, the protocol supports leading validators and is set for Inter-Blockchain Communication (IBC); integration with DeFi wallets like Keplr and Osmosis optimises liquidity.
For traders focused on data, here’s the takeaway: Lumera isn’t chasing fleeting trends. Strong initial validator demand, DeFi integrations, and utility targeting AI-driven Web3 applications indicate significant staying power, despite ongoing competition in the sector.
Trading desk tactics: levels, setups, and smart money movements
- ASTER:
- The critical $1.20 double bottom serves as a make-or-break point. Bulls should remain secure as long as prices stay above this level; if they breach it, risks amplify.
- A breakout above $1.83 with accompanying volume signals anticipated momentum and potential buying interest. Price targets shift to between $2.00 and $2.15 first, possibly reaching even higher if BTC maintains strength.
- Sentiment remains divided: institutional buying is discreet but accumulating, while retail investors seem hesitant—likely waiting for a breakout signal above $1.83.
- LUMERA:
- The mainnet is operational, supported by top validators and embedded in the Cosmos ecosystem. Observers should monitor the debut of utility tokens (LUME) on Osmosis for liquidity-driven changes.
- Lumera’s model of permanent, predictable storage disrupts subscription-based alternatives, promising a game-changing approach if successfully implemented at scale.
- Immediate applications include NFT provenance, AI model audit trails, and any initiatives requiring verifiable, enduring digital records.
What traders should monitor next
- Will aster break above $1.83 with substantial volume, or will it retreat to support?
- How will whale accumulation trends impact the likelihood of a new uptrend?
- How rapidly will Lumera’s Cascade draw developer and institutional interest—does “pay once, store forever” prove effective in practice?
- What effects will Cosmos-based protocols combining advanced AI features (like Lumera) have on the broader DeFi and storage ecosystems?
Market summary
- Aster builds a promising double bottom at $1.20; a reversal could be triggered if the price confidently exceeds $1.83, but until then, remain vigilant as the market may consolidate.
- Lumera initiates its Cascade offering, banking on a future of permanent decentralised storage, already capturing interest from developers and strong validator backing.
- Institutional players appear to be accumulating quietly, while retail investors are on the sidelines. A breakout in aster could shift the focus and energise interest in AI and storage sectors.
Amid such market volatility, establishing your own conviction is crucial. Look for signs, critically assess hype, and favour setups that fuse technical integrity with genuine adoption trajectories. Keep tight stops and sharper eyes for opportunities ahead.
