aster Token Shows Signs of Bullish Reversal at $1.20
Aster (ASTR) token price has formed a potential double bottom at $1.20, hinting at a possible bullish reversal. This level aligns with the 0.618 Fibonacci support, making it a crucial zone for accumulation.
A break above $1.83 would confirm the bullish continuation. However, sustained volume inflow is essential to validate this reversal setup.
- major support: $1.20, confirmed by a double bottom and 0.618 Fibonacci retracement.
- Major Resistance: $1.83, aligned with the value area line and previous rejection zone.
- Market Structure: Bullish double bottom formation signaling a potential reversal setup.
The $1.20 level has been a key structural zone for Aster. The second retest of this support resulted in a bullish reaction, reinforcing the likelihood of a broader reversal pattern. This setup becomes more valid if the asset continues to close above the value area low with growing buy-side volume.
The next major test is at the $1.83 resistance.A decisive break above this level, supported by increased bullish volume, would confirm the structural shift. Historically, such setups have led to significant upward moves.
for this bullish scenario to materialize, Aster needs sustained buying pressure. Current volume profiles remain muted, indicating cautious market participants. Without strong inflows, any rally attempt could stall.
Provided that Aster holds above $1.20, the probability of a reversal grows. A breakout above $1.83 would validate the double-bottom pattern and open the path toward higher targets. Conversely, a failure to sustain above $1.20 could lead to a deeper retest of lower supports.
