Aster price crashes with market weakness, will support at $1.70 hold?
The post Aster price crashes with market weakness, will support at $1.70 hold? appeared on BitcoinEthereumNews.com. Aster’s price continues to trade within a well-defined price channel, respecting each pivot with precision. Current price action suggests a corrective move that could set the stage for a bullish rotation higher. Summary Aster trades in defined channel, respecting pivots with precision. Key support at $1.70 aligns with point of control and 0.618 Fibonacci. Holding support sets up bullish move toward $2.70 channel resistance. Aster’s (ASTER) price action has been moving within a structured channel, with each pivot level marking turning points before expansive moves. Recently, price tested the channel resistance to the dollar and then retraced toward the value area high. This pullback is an important test of support, and how price reacts here will determine whether Aster rotates back toward channel lows or resumes its bullish trajectory. At the same time, the decentralized token backed by top leaders could be poised to challenge HYPE’s dominance in the coming weeks, adding a broader competitive angle to the market narrative. Aster price key technical points Defined Price Channel: Price pivots consistently respected within the channel. Key Confluence at $1.70: Support zone includes point of control and 0.618 Fibonacci retracement. Upside Channel Target: Bullish continuation would aim for $2.70 channel resistance. ASTERUSDT (1H) Chart, Source: TradingView The value area high is a critical pivot in Aster’s current channel. A failure to hold this level could trigger a full rotation toward the channel low, which has already been tested with precision in previous sessions. This lower boundary around $1.70 aligns with several major confluences: the point of control and the 0.618 Fibonacci retracement. Together, these levels create a strong technical support zone. If buyers step in at this confluence, Aster’s bullish structure remains intact. Holding above $1.70 would reinforce the broader market structure, which continues to trend upward with consecutive higher highs and higher lows. In this…
The post Aster price crashes with market weakness, will support at $1.70 hold? appeared on BitcoinEthereumNews.com.
Aster’s price continues to trade within a well-defined price channel, respecting each pivot with precision. Current price action suggests a corrective move that could set the stage for a bullish rotation higher. Summary Aster trades in defined channel, respecting pivots with precision. Key support at $1.70 aligns with point of control and 0.618 Fibonacci. Holding support sets up bullish move toward $2.70 channel resistance. Aster’s (ASTER) price action has been moving within a structured channel, with each pivot level marking turning points before expansive moves. Recently, price tested the channel resistance to the dollar and then retraced toward the value area high. This pullback is an important test of support, and how price reacts here will determine whether Aster rotates back toward channel lows or resumes its bullish trajectory. At the same time, the decentralized token backed by top leaders could be poised to challenge HYPE’s dominance in the coming weeks, adding a broader competitive angle to the market narrative. Aster price key technical points Defined Price Channel: Price pivots consistently respected within the channel. Key Confluence at $1.70: Support zone includes point of control and 0.618 Fibonacci retracement. Upside Channel Target: Bullish continuation would aim for $2.70 channel resistance. ASTERUSDT (1H) Chart, Source: TradingView The value area high is a critical pivot in Aster’s current channel. A failure to hold this level could trigger a full rotation toward the channel low, which has already been tested with precision in previous sessions. This lower boundary around $1.70 aligns with several major confluences: the point of control and the 0.618 Fibonacci retracement. Together, these levels create a strong technical support zone. If buyers step in at this confluence, Aster’s bullish structure remains intact. Holding above $1.70 would reinforce the broader market structure, which continues to trend upward with consecutive higher highs and higher lows. In this…
What's Your Reaction?
