Aster price action has rejected from the value area low of its broader trading range, initiating a rotation back toward $1.02, a historically key support zone. This level is pivotal in determining whether a double bottom formation will emerge.
Key Technical Points:
- Support: $1.02 (potential double bottom base)
- Resistance: $1.80 range high target
- Bias: Neutral-to-bullish above $1.02
The recent pullback remains within a controlled structure, maintaining alignment with previous consolidation behavior. If the $1.02 support holds on a daily closing basis, it will reinforce the double bottom thesis, potentially sparking a rally toward $1.80.
However, failure to sustain above this support would invalidate the structure, paving the way for a deeper corrective leg. Volume remains neutral, indicating a decision point is near.
In short, $1.02 is the make-or-break level for Aster — holding it could invite a powerful recovery, while losing it may extend downside momentum.
Key Technical Points:
- Support: $1.02 (potential double bottom base)
- Resistance: $1.80 range high target
- Bias: Neutral-to-bullish above $1.02
The recent pullback remains within a controlled structure, maintaining alignment with previous consolidation behavior. If the $1.02 support holds on a daily closing basis, it will reinforce the double bottom thesis, potentially sparking a rally toward $1.80.
However, failure to sustain above this support would invalidate the structure, paving the way for a deeper corrective leg. Volume remains neutral, indicating a decision point is near.
In short, $1.02 is the make-or-break level for Aster — holding it could invite a powerful recovery, while losing it may extend downside momentum.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.