ASTER jumped 13% but remains below $0.80 resistance, keeping the path to $1 restricted.
Momentum signals bullish pressure, but it lacks a clear trend confirmation.
A move above resistance could extend gains, while rejection may trigger a pullback.
ASTER is attempting to extend its recovery after rallying 13%.
But the recent sporadic surge is already approaching a decisive technical barrier that may limit ASTER’s price from continuing its upward thrust.
While technical indicators across multiple timeframes show strengthening bullish pressure, ASTER’s price remains pinned below a key resistance zone.
Furthermore, this has raised doubts about whether the current move has enough strength to drive a sustained breakout toward the psychological $1 level.
The Relative Strength Index (RSI) supports this view.
On the 4-hour chart, the asset has climbed toward the overbought region, holding near 61.68.
This level reflects rising bullish momentum and suggests that accumulation currently dominates over distribution.
Like the RSI, the Bull Bear Power (BBP) further reinforces this shift. The indicator has moved into positive territory, printing consecutive green histogram bars.
If ASTER maintains its current trajectory and breaks above the channel’s upper boundary with strong volume, the next upside target could emerge near the resistance cluster just below $0.80.
ASTER Derivatives Show Caution
On the derivatives chart, there is little indication of a major upswing in the near term.
The funding rate remains in negative territory, declining by 0.0049%, while open interest has moved by only 2% over the past 24 hours, signaling limited traders’ interest
The liquidation data mirrors this cautious sentiment, with over $143,000 in short positions liquidated during the same period.
This reflects sporadic but contained market reactions rather than broad directional momentum.
Despite these minor liquidations, the market lacks the sustained buying pressure needed to push ASTER’s price higher.
Until funding rates turn positive and open interest shows more significant growth, derivatives metrics suggest that traders are either hesitant to add new long positions or are taking profits cautiously, keeping the upside constrained for now.
ASTER Price Projection: Upswing Unconfirmed
On the daily chart, ASTER’s price has broken out of its falling wedge pattern.
Notably, this formation signals a bullish reversal after an extended downtrend.
Despite this, it still trades below its key resistance zone, facing a critical test that will determine whether the breakout develops into a sustained uptrend or falters under overhead supply.
The Awesome Oscillator (AO) shows consecutive green histogram bars, signaling growing bullish momentum, but the readings remain in negative territory.
However, it is yet to cross into positive ground and fully confirm the trend shift.
Although the Chaikin Money Flow (CMF) has crossed the zero midline and now sits at 0.04, indicating a modest inflow of capital, overall trading volume, up 7%, remains cautious.
At the time of writing, ASTER trades at $0.66, a key resistance level that has been tested multiple times, yet each attempt to push higher meets selling pressure.
By the look of things, the altcoin might remain below the 0.236 Fibonacci level at $0.63, keeping it short of the psychological $1 mark.
A break above its current level could push ASTER’s price toward the next resistance at $1.15. If broader market conditions improve, it could rise to $1.35.
However, failure to clear it may trigger a short-term pullback to retest the wedge’s breakout support.
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.
