Key Insights:
- ASTER breaks out of a long-term channel, eyeing a possible move toward $2.80 highs.
- Price faces strong resistance near $1.30; breakout or rejection will decide short-term trend.
- Bids between $1.13–$1.10 show interest in buying dips, with targets set above $1.45.
Aster (ASTER) was gaining attention after pushing through a key level on the daily chart. The token was trading around $1.26, up 2.7% in the last 24 hours and 12.3% over the past week, based on the latest data. Traders are now watching for follow-through that could take the price to new highs.
Daily Breakout Draws Interest
ASTER has moved above the upper boundary of a falling channel that began forming in late September. The breakout occurred near $1.25, where a daily close confirmed the move. A strong green candle backed the breakout, showing clear buyer activity.
Captain Faibik commented,
Source: Captain Faibik/XA full breakout with support above this zone could set up a run toward $2.80, based on the size of the previous range. Traders are looking for a possible retest of the channel line to hold as support before any further push.
Buy Zone Between $1.13 and $1.10
Short-term bids are being placed lower, with trader Tareeq setting orders in the $1.131–$1.100 area. This range lines up with a previous breakout level and has acted as support. Tareeq stated he is “risking 2% if fully filled,” showing a defined risk plan.
If price pulls back into this range, it may offer a new entry for buyers expecting higher levels. The upside from this zone could extend toward $1.46, as marked on the chart. So far, this level has not been tested again after the initial breakout.
Resistance Near $1.30 Still Holding
On the 4-hour chart, ASTER remains inside a rising channel and is now facing a key resistance area between $1.24 and $1.30. This zone has acted as supply before and lines up with the 200-period moving average, which could slow any breakout attempt.
Mayank Dudeja noted that price is sitting at a high-timeframe barrier. He said a rejection here could send the token down to $1.18 or $1.12, while a break below the channel might push it further to $0.92–$0.98, which has been the base of earlier support. If price breaks above $1.30, targets at $1.36 and $1.42 may come into play.
Source: Mayank Dudeja/XNext Move Depends on $1.30 Level
While lower timeframes show strength, ASTER remains at a key resistance zone. A move above $1.30 with volume could signal a continuation. Until then, traders are watching for either a breakout or rejection to decide the next direction.
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Source: https://coincu.com/analysis/aster-breakout-1-30-key-to-new-all-time/
