ASTER has had a wild start since launching in September. It quickly multiplied in value before losing strength and falling into a steady decline. For weeks, ASTER price has moved inside a descending wedge, creating lower highs and lower lows.
The chart shows this downward trend may be slowing. Two days ago November, Aster token started to show signs of life. The price bounced from the lower support line of the wedge, which has acted as a strong base before.
The recovery has been sharp. It gained about 23% on the first bounce and another 15% today. These moves pushed ASTER price to around $1.
If the upward push continues, the next resistance levels to watch are around the top of the falling wedge pattern, then $1.5 and $2.0 which is the top of the wedge. A move beyond the top of the falling wedge pattern could mean the downtrend is ending and a new phase is starting for the Aster token.
The comeback is still early, but it shows fresh energy after a long stretch of weakness.
Indicators Point to a Gradual Recovery in Momentum
CoinAnk chart gives more insight into what is happening behind the price. The MACD indicator is improving. The red bars are shrinking, which means selling pressure is slowing. This is often the first sign that momentum could shift toward buyers.
The RSI is climbing too, now around 45. That shows ASTER is no longer oversold. If RSI rises above 50, it may suggest stronger buying interest.
The Net Long and Net Short data show mixed sentiment. Short positions are still higher, meaning some traders remain careful. Yet the gap between them is getting smaller. That change often signals that confidence is slowly coming back.
The Open Interest to Market Cap Ratio is steady. This suggests the market is balanced and not overleveraged, which helps create a strong, cooled off, and now seems to be waking up again.
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Can ASTER Keep the Momentum?
Aster’s chart setup looks promising. The bounce from the lower wedge and improving indicators suggest a possible shift in trend. But first, we need to see it break above the wedge pattern.
From here, we can start talking about higher highs and challenging the next resistance on its way to new all-time highs.
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