Aster Price Action Rebounds Toward Point of Control

Aster has rebounded from a 0.618 Fibonacci retracement in confluence with VWAP support. Price is now targeting the point of control, which could unlock momentum toward the $2 high-time-frame resistance.

Aster's recent price action has provided a textbook example of Fibonacci and VWAP confluence acting as a springboard for recovery. After retesting this major support, the market is now bouncing, with focus shifting toward the point of control (POC). A reclaim of this critical level could serve as the catalyst for a bullish continuation, potentially driving Astor toward its next structural high at $2.

Key Technical Points:

- Support: 0.618 Fibonacci retracement aligned with VWAP SR.
- Target: Point of control reclaim to open path toward $2.
- Market Structure: Consecutive higher highs and higher lows remain intact.

The rebound from the 0.618 Fibonacci and VWAP support underscores the strength of demand at lower levels. Technical traders often view such confluence zones as high-probability areas for trend continuation, and Aster's reaction here validates that perspective.

The next challenge lies at the POC, which has been acting as a magnet for price action. A successful reclaim of this level would restore confidence in the bullish trajectory, setting the stage for a rotation to $2. Importantly, Aster's broader market structure remains bullish, with consecutive higher highs and higher lows dominating the chart. This suggests that the recent retracement is corrective rather than trend-ending.

Should price fail to reclaim the POC, Aster may continue consolidating within the mid-range, delaying its advance. However, so long as the 0.618 Fibonacci support holds, the bullish bias remains valid.

What to Expect in the Coming Price Action:

If Aster reclaims the point of control, the next likely move is a rally toward $2 resistance. Until then, the structure remains constructive as long as Fibonacci and VWAP supports are defended.