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.
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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.
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 scenario, the current corrective move can be interpreted as the establishment of a higher low, a common precursor to continuation in bullish channels.
From a structural perspective, Aster remains in a healthy trend. Corrections of this type often provide opportunities for accumulation before the next expansion leg. Volume analysis and lower time frame reactions will be critical in confirming whether $1.70 acts as a durable springboard. CZ’s public “well done” has further boosted sentiment around Aster, with many seeing it as the beginning of a potential challenge to Hyperliquid’s lead.
The ultimate bullish target remains the channel high near $2.70. A successful defense of the $1.70 confluence would set the stage for Aster to rotate back into this level, extending its bullish trajectory.
What to expect in the coming price action
If Aster holds the $1.70 support zone, reinforced by the point of control and Fibonacci confluence, a bullish rotation toward $2.70 becomes the high-probability outcome. Failure to hold this level could trigger further downside testing, but the broader channel structure still favors continuation higher.
