ASTER price is starting to heat up again as traders watch to see if it can push through resistance or slip back into consolidation.
The token is trading around $2.01, and analysts are split on what happens next. One of them, Altcoin Sherpa, shared a tweet explaining why he’s still holding the token, but also why it’s a risky move right now.
What you'll learn 👉
ASTER Price Testing Key Levels
On the 4-hour chart, ASTER price tried to break above $2.15-$2.16 but quickly pulled back to the $2.00 zone. The $2.09-$2.10 zone has now become a critical pivot area.
If price manages to reverse that zone into support, analysts say it could pave the way for another leg higher towards $2.45-$2.46, a formidable resistance zone.
Below that, there’s solid short-term support at $2.00, and a more comfortable entry zone near $1.90, exactly where Sherpa said he’d prefer to buy if he were being more patient. That area also matches a cluster of previous higher lows and the 38–50% Fibonacci retracement of the latest move.
If the ASTER price breaks below $1.90, there’s another support area waiting at $1.75-$1.80, where the last consolidation took place.
What the ASTER Chart Says
The overall structure on the 4-hour chart still leans bullish. Price has been making steady higher highs and higher lows since climbing out of the mid-$1.60 range.
When the ASTER price pushed above $2.00, trading volume spiked, showing strong participation, but the long upper wick near $2.15 indicates that sellers are still active around that resistance.
Traders are watching three main scenarios: a continuation to the upside if the token holds above $2.10, a sideways consolidation between $2.00 and $2.10 as momentum builds, or a downside fall back towards $1.90 if buyers lose control.
Read Also: Crypto Analyst Says Aster (ASTER) and Apex (APEX) Pullbacks Don’t Mean the Rally Is Over
Why Analysts Are Cautious
Altcoin Sherpa explained that while he added to his ASTER position, he knows the trade is risky. He mentioned potential token unlocks and the fact that the project’s backing comes from one key figure, “the richest man in crypto,” referring to CZ.
He admitted that basing an entire trade around one person adds uncertainty, but he still expects higher targets if momentum follows through.
For now, all eyes are on the $2.00-$2.10 zone. If ASTER price can reclaim that area and push higher, traders could start looking toward the $2.45 range next. But if it fails to hold, the pullback toward $1.90 might offer the better opportunity Sherpa talked about.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
