ASTER Plummets After Key Support Crumbles — What’s Next?

Technical Outlook: Aster Holds Key Support With Bullish Wave Formation in Sight
Table of Contents

TL;DR

  • ASTER falls over 22% in a week, breaking key support at $0.85–$0.90.
  • The chart shows a bearish structure with consistent lower highs.
  • A reversal would require sustained price action back above the $0.90 level.

ASTER trades near $0.74 after dropping more than 22% over the past seven days. Selling continued over the last 24 hours with another 8% decline, and price action still shows no clear rebound.

The slide follows a clean loss of a key technical floor. ASTER broke below the $0.85–$0.90 support area and kept drifting lower as sellers controlled the tape all week. Buyers have not produced a reset in structure.

The chart shows a multi-week sequence of lower highs, with a descending trendline guiding the move down. The break occurred with little reaction: no strong rebound candle and no long wick that signals aggressive buying. Analyst Cirus called the action a “textbook breakdown” and added, “That wasn’t panic selling. That was acceptance of lower prices.” The same post pushed a clear warning: “Bounces ≠ reversals in broken structure.”

Moving averages and MACD keep a bearish bias

ASTER trades well below the 9-day and 21-day moving averages. The 9-day MA sits near $0.89 and the 21-day MA sits near $0.96, with a bearish crossover that aligns with ongoing downside pressure.

ASTER Price Chart

Momentum indicators also point lower. The MACD remains negative, with the MACD line at -0.080 and the signal line at -0.063. The histogram widens to the downside, which often reflects strengthening selling momentum. No clear divergence shows up, and the setup does not display a recovery signal.

For now, the read stays consistent: ASTER holds a bearish structure while price remains below the former support zone and below both short-term moving averages. A durable shift requires price strength back above $0.85–$0.90 with sustained closes, rather than a brief bounce.

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