ASTER is finally showing signs of life again. With weeks of decline, the charts are now showing an extremely bullish sign, and the traders are beginning to stir up and sit up and take notice.
Aster price has just broken out of a big triangle formation, and things are finally turning around for the bulls.
What you'll learn 👉
ASTER Price Breaks Out After a Clean Deviation
On Crypto Knight’s 4-hour chart, Aster price fell below the $1.00 zone earlier this week, cleaned through some liquidity, and then bounced back straight into the range.
That kind of divergence is a quick fake-out followed by a firm bounce back, which typically marks the end of a local down move.
Shortly thereafter, ASTER price broke above the declining trendline that had kept it in check for days. Now, it’s holding above that breakout level and printing higher lows, a classic early sign that a new trend might be forming.
ASTER Daily Chart Confirms the Shift
TraderSZ’s daily chart gives a clearer picture. After spending most of October inside a falling wedge, ASTER price finally broke out of it and started forming a rounded bottom around $1.05-$1.10.
The bounce in that region has now formed several consecutive green candles, and volume is gradually mounting, both are good signs that accumulation is taking place.
If this trend is to continue, ASTER might be preparing for a reckless move higher, similar to its mid-September breakout. The pattern looks almost identical, wedge, deviation, reclaim, rally.
Trader Sentiment Is Turning Upbeat
Analyst TraderSZ summed it up well, the deviation and triangle breakout have been confirmed, and “these usually lead to aggressive trend moves.”
Prominent analyst, Crypto Knight, pointed out that volume and momentum are now starting to confirm on various timeframes, supporting the case for an upside continuation.
If the price of ASTER continues to stay above $1.10 and breaks through $1.20 with volume, it could start the next leg up, which could get into the $2 zone in a matter of weeks.
The setup is simple now: hold the break, confirm the higher low, and allow the trend to mature.
Read Also: Could ASTER Be the Next BNB? This Analyst Thinks So, Here’s Why
Key Levels to Watch for ASTER
The next major test is around $1.20. A close above that would confirm the breakout and most probably leave the way open to $1.35-$1.40, where previous resistance lies.
Higher than that is room for a more aggressive extension towards $1.70 or even $2.00 if momentum picks up steam.
On the flip side, bulls will want to keep $1.05 protected. Losing that level would weaken the structure and could push ASTER price back into consolidation territory near $0.95-$1.00.
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