ASTER rebounds 24%, recovering strongly after last week’s market crash.
Bullish MACD crossover supports a potential rally toward the $2 target zone.
Failure to maintain momentum could drag the price toward the $1.25 or $0.97 support levels.
Last week’s market meltdown erased over $20 billion in leveraged positions, marking the most significant one-day liquidation ever.
Amid the chaos, the price of Aster (ASTER) dropped, sparking fear of a decline below the psychological level of $1.
But today, the altcoin is standing tall. Now trading at $1.56, with an over 24.19% price increase, the token is gathering momentum and quietly setting its sights on the $2 mark.
Will Aster maintain momentum? Let’s find out.
Aster Rebounds From Swing Lows
On the 2-hour chart, ASTER has already flashed bullish bias. The Relative Strength Index (RSI) has surged past its neutral 50 line, a psychological threshold that signals buyers are stepping in.
Now sitting at 59.8, the RSI reflects growing buying momentum. Since it has not yet hit the overbought region, it implies that ASTER’s price could aim at a possible push higher.
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This steady increase, though modest, confirms that liquidity is trickling back into the protocol, an early sign of recovery and renewed faith in Aster’s fundamentals.
The 4-hour Moving Average Convergence Divergence (MACD) adds to this optimism.
The EMA 12 has crossed above the EMA 26, forming a bullish crossover, a signal of an emerging uptrend. Green histogram bars continue expanding, reinforcing that buying pressure is rising.
Similarly, the Bull Bear Power (BBP) indicator stands at 0.16, confirming buyers are slowly overpowering sellers. A positive BBP reading above zero marks the early stages of an uptrend, and ASTER seems to be right on cue.
The Fibonacci retracement levels offer further clarity on where ASTER could head next. The token hovers around the 0.382 Fib level at $1.59, showing early strength.
Disclaimer:
The views, thoughts, and opinions expressed in the article belong solely to the author, and not necessarily to CCN, its management, employees, or affiliates. This content is for informational purposes only and should not be considered professional advice.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
