ASTER ABCD corrective structure

The ASTER price has undergone a sharp weekend correction, losing the $1.90 technical level that previously acted as both support and resistance. This breakdown places the asset within a short-term corrective phase, which could unfold as an ABCD pattern — a typical structure during mid-trend retracements.

Key Technical Points:

- Price closed below $1.90, confirming a short-term correction.
- 0.618 Fibonacci retracement aligns with the key breakdown level.
- The correction may form an ABCD pattern before resuming its bullish rotation.

ASTER’s drop below $1.90 confirms the market’s transition from impulsive expansion to corrective mode. The 0.618 Fibonacci level reinforces the importance of this zone, as it often marks areas where pullbacks develop mid-trend.

From a liquidity standpoint, lower levels remain untapped. This implies that price could move further down to sweep resting liquidity before forming a reversal structure. A swing-failure pattern (SFP) at these lows would provide the ideal confirmation for a bullish rotation back toward the range highs.

The correction appears technically healthy within the broader bullish context. ABCD-type retracements often serve to reset momentum indicators and remove late buyers before continuation.

What to Expect in the Coming Price Action:

As long as ASTER trades below $1.90, the corrective structure remains valid. A successful liquidity sweep followed by a close above $1.90 would signal a potential reversal and resumption toward higher targets.