ASTER Correction Ending Soon? Watch These Levels!Today, I want to dive into one of these week’s trending tokens in the crypto space that a lot of users have been talking about: the Aster project , with the token symbol ASTER ( BINANCE:ASTERUSDT ).
So, what exactly is Aster?
Aster is a next-gen DEX for spot and perpetuals with MEV-free one-click Simple Mode and a Pro Mode offering 24/7 stock perps, Hidden Orders, and grid trading across BNB Chain( BINANCE:BNBUSDT ), Ethereum( BINANCE:ETHUSDT ), Solana( BINANCE:SOLUSDT ), and Arbitrum( BINANCE:ARBUSDT ). It boosts capital efficiency by letting traders use asBNB (liquid-staking BNB) and USDF (yield stablecoin) as collateral. Built on the high-performance, privacy-focused Aster Chain and backed by YZi Labs, its ASTER token powers governance, growth incentives, and long-term sustainability.
In this post, we’ll see whether ASTER might be a good addition to your portfolio and if it still offers a solid investment opportunity. Stay tuned!
Right now, it looks like ASTER has completed its pullback to a broken Support zone($1.790-$1.511) and has started to decline again. The key levels to watch now are the Resistance lines that could determine its trend direction .
From an Elliott Wave perspective , it seems that ASTER is finishing a microwave C of main wave Y in a Double Three Correction(WXY) .
I expect that from either the nearby Support zone($1.150-$1.2050) or Potential Reversal Zone(PRZ) , ASTER could start to rise again. Depending on overall market conditions, this rebound could range from about +15% to even +40% .
Cumulative Short Liquidation Leverage: $1.6257-$1.5825
Cumulative Long Liquidation Leverage: $1.1732-$1.1236
What do you think about the Aster project? Does it still have room to grow? Share your thoughts!
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Aster Analyze (ASTERUSDT), 4-hour time frame.
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