Key Insights
- ASTER trades near $0.9245–$0.8450 historic support that has triggered upward swings and reinforced buyer confidence for potential rallies.
- Falling wedge formation shows that bearish momentum is weakening as the price is bouncing from the lower trendline and hinting at a bullish breakout.
- Upside pivot at $0.97 targets $1.1966 if momentum is sustained it could extend gains toward $2.2791 due to renewed buying interest.
$ASTER price has formed a bullish falling wedge pattern. The token has been gradually creating lower highs and lower lows as it moves within converging trendlines.Volume is increasing and momentum is flashing on the charts and this could push the token higher.
Falling Wedge Structure Indicates Upside Potential
ASTER’s price is moving within a narrowing wedge due to the easing of downward pressure. The current renewed buying interest pushed the price to bounce off the lower trendline.The chart projects potential upside targets between $1.10 and $1.90 if a breakout materialises.
This move corresponds to the wedge’s height and historical resistance levels. Analysts are suggesting that this range could be reached once selling pressure subsides.
Source: Captain Faibik Via X
Declining volume patterns support this setup as sell-side activity within the wedge indicates weakening bearish momentum.If buyers reclaim control above the $0.97 pivotal area a retest of the $1.19 resistance could follow.
ASTER’s Historical Support Zones Strengthen Recovery Prospects
ASTER’s price recently tested the $0.9245–$0.8450 demand area, which is an area that previously triggered strong upward swings. Buyers have always stepped in to defend this zone multiple times, reinforcing it as an important support level.
Analysts have noted that historically each approach to the lower boundary resulted in recoveries.This has enhanced confidence in a possible rebound. This is because the falling wedge aligns with prior reactions observed throughout October.
Momentum is emerging and the price is moving above $1.05. Persistent strength in this range could attract more buyers and shift market sentiment toward the upside.
Market Sentiment and Next Resistance Levels
The broader decline from September’s $3.00 peak has brought attention to potential recovery points.Technical analysts are insisting that ASTER could stabilize and repeat previous upward swings.
If ASTER closes above $0.97 level with confirmed volume the first key upside target lies near $1.1966.If momentum holds bulls could eventually push towards the higher target at $2.2791 which is the wedge’s top resistance.
The wedge formation, supported by prior demand zones and early recovery signs, positions ASTER for a potential short-term bullish move in the coming sessions.Traders remain cautious but optimistic.
