But shortly after the news broke, the token’s price slipped — now hovering near $1.05 — suggesting traders sold the news rather than bought it.
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On the 4-hour chart, ASTER appears trapped inside a falling wedge, a structure preceding a bullish reversal.
Supporting this, the Relative Strength Index (RSI) has dropped deep into the oversold region, signaling that selling pressure may be nearing exhaustion.
If buying momentum returns, ASTER’s price could break above the upper trendline, marking the start of a rebound. In that case, the price might climb toward $1.47, aligning with the 0.618 Fibonacci retracement.
Sustained demand could push the rally further to $1.81.
However, the recovery hinges on liquidity returning to the Aster ecosystem. Without renewed inflows, the token risks sliding to $0.98, or even $0.68 in an extended bearish scenario.
Overall, ASTER’s price sits at a critical inflection point — oversold, compressed, and ready for its next decisive move.
Virtuals Protocol (VIRTUAL)
Like ASTER, Robinhood disclosed that it listed Virtuals Protocol (VIRTUALS) on Thursday, Oct. 16. Since then, the price has dropped nearly 12%, which is contrary to the altcoin’s performance earlier in the year.
However, the Money Flow Index (MFI) has risen above the zero signal line, indicating rising buying pressure.
Additionally, the Awesome Oscillator (AO) has flashed green histogram bars.
Should this trend remain the same, VIRTUALS’ price might breach the resistance line to $1.15. Once that happens, the next target for the cryptocurrency could be around $1.70 at the 0.618 Fibonacci level.
However, if demand for the altcoin drops, this might not happen. Instead, VIRTUALS’ price might decline to $0.65.
Plasma (XPL)
XPL, native to the Plasma network, is third on the altcoins that Robinhood recently listed.
Typically, the development should give American investors exposure to the cryptocurrency.
The XPL price fell by 16% in the last 24 hours despite that. Currently, it is down 76% from its all-time high.
However, on the 4-hour chart, XPL’s price is trapped in a descending triangle. However, the Chaikin Money Flow (CMF) is breaking above the downtrend, indicating that the correction phase is almost over.
Therefore, XPL’s price might break the hurdle and climb toward $0.65 once buying pressure increases. On the flip side, if bulls fail to take control, this prediction might not happen.
Instead, the altcoin might decline to a new all-time low.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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.
