Astera Labs | Pullback Within a Bullish Trend?

After a powerful rally, Astera Labs has entered a healthy correction and is now testing the key 300-305 support area, where the Fibonacci level and the EMA 100 are located. Despite recent profit taking, price remains well above the EMA 200, keeping the long-term bullish structure intact. CCI has reached oversold territory and is beginning to recover, which may become an early signal that selling pressure is fading. As long as price holds above 300, the primary scenario remains a recovery toward 406, followed by 469 and potentially 565. A break below 300 would increase the probability of a decline toward the next major demand zone near 255. Astera Labs remains one of the fastest-growing AI infrastructure companies, providing high-speed connectivity solutions for GPUs, processors and modern data centers. The company continues to benefit from massive investment in artificial intelligence and cloud infrastructure by the world's largest technology companies. Continued revenue growth, expanding partnerships with leading server manufacturers and rising AI infrastructure spending could support the stock's long-term bullish outlook.