ASTERUSDT Breaking Out of the Descending Channel?

ASTERUSDT is trading within a descending channel on the 4H chart, showing consistent lower highs and lower lows over the past few weeks. The price is now testing the upper trendline of the channel, signaling a potential breakout attempt. A confirmed breakout with volume could indicate a shift in trend momentum toward a bullish reversal.

Pattern: Descending Channel

Entry Zone: Near $1.15–$1.18 (breakout confirmation)

Stop-Loss: Below $0.96

If the breakout sustains above the upper trendline and 200 EMA, we may see strong bullish continuation towards the next resistance levels.

Cheers
Hexa