ASTER Technical Analysis Feb 5

ASTER has approached the critical $0.4800 support region at the $0.49 level and is showing a weak structure with a 10.35% drop in the last 24 hours. Breaking this level could accelerate the downward momentum, while holding it could signal a recovery.

Current Price Position and Critical Levels

ASTER is currently trading at the $0.49 level and has approached a critical support region within the general downtrend. Among the 6 strong levels detected in 1D, 3D, and 1W timeframes, the $0.4800 support (score: 77/100) is in the most critical position, while the $0.5157 resistance (score: 72/100) stands out as the first upward obstacle. Price continues to stay below EMA20 ($0.61) and RSI at 31.99 is approaching the oversold region, carrying potential for short-term base formation. The Supertrend indicator is giving a bearish signal and pointing to the $0.69 resistance line. The last 24-hour range is squeezed between $0.48-$0.56, with volume remaining at a medium level of $376M, suggesting big players are positioning for a liquidity hunt. Although the overall structure is bearish, multi-timeframe confluence makes $0.4800 a strong buyer region.

Support Levels: Buyer Regions

Primary Support

The $0.4800 level stands out as ASTER’s strongest support region (strength score: 77/100). This level coincides with recent lows (order block) on the 1D timeframe and has been tested as a demand zone with weekly volume spikes on the 3D chart. Historically, price has bounced upward from here three times, the most recent with a high-volume pin bar formation. On the 1W timeframe, it also shows confluence with Fibonacci 0.618 retracement and EMA50, indicating an institutional buyer liquidity collection point. In case of a breakdown, stop-loss hunting could be triggered, but the probability of holding is high because RSI is oversold and volume increase is observed.

Secondary Support and Stop Levels

Secondary support is positioned around $0.45; this region is supported by swing low and volume profile POC (Point of Control) on the 3D chart. Further below, the $0.40-$0.42 range coincides with 1W Fibonacci extension levels and past monthly lows. The invalidation level is a break below $0.4800 at $0.47; this could attract large sells as a liquidity pool and lead to a downside target of $0.0962 (score: 22). These levels align with the lower band of the general downtrend channel and are strengthened by multi-TF confirmation (3 support confluences in 1D/3D/1W).

Resistance Levels: Seller Regions

Near-Term Resistances

$0.5157 is the main near-term resistance (score: 72/100); a supply zone formed by recent highs and equal highs on the 1D timeframe. This level is where short-term sellers target liquidity – volume increases and rejection wicks were observed as price approached here. It carries close confluence with EMA20 ($0.61), supported by bearish Supertrend. A breakout requires strong volume and a close, otherwise fakeout risk is high.

Main Resistance and Targets

The main resistance at $0.69 coincides with the Supertrend line and 3D/1W swing highs; this is a liquidity region where big players open short positions. The upper target is $0.8341 (score: 30), aligned with 1W EMA200 and the channel upper band. These levels have been tested and rejected with volume spikes in past breakouts – for example, after a 20% pullback from $0.5157. For R/R ratio, long from $0.4800 to $0.5157 (1:1.5) or short from $0.5157 to $0.4800 (1:0.7) can be calculated, but with the trend bearish, downside is favored.

Liquidity Map and Big Players

Big players (smart money) are targeting stop-loss liquidity below $0.4800; this region functions as an order block and breaker. Above, sell-side liquidity is high in the $0.5157-$0.52 range, confirmed by equal lows. While price consolidates between $0.48-$0.49, imbalances (fair value gaps) point to $0.50. The volume profile shows a high node at $0.48 – buyers are defending here. The overall map expects a liquidity sweep after bearish displacement; combined with BTC correlation, manipulation risk increases in altcoins. This dynamic offers an ideal setup for price action traders: directional bias after rejection.

Bitcoin Correlation

BTC is at $66,050 level with a 10.27% drop in bearish trend; it shows high correlation with ASTER (0.85+%). If BTC breaks its $66,190 support (where Supertrend is bearish), ASTER will test $0.4800 with cascade effect in altcoins and drop to $0.45. Conversely, if BTC breaks above $68,585 resistance, ASTER $0.5157 breakout will be triggered. As BTC dominance rises, it crushes alts; key levels to watch: BTC supports at $61,434/$53,282 – this is the trigger for ASTER downside.

Trading Plan and Level-Based Strategy

Level-based outlook: If $0.4800 holds, long bias targeting $0.5157 (stop $0.47). If broken, short below $0.4800 targeting $0.45/$0.40 (stop $0.50). Wait for multi-TF confluence – 1H rejection + volume confirmation required. Detailed data available in ASTER Spot Analysis and ASTER Futures Analysis. This outlook is based on general market structure, not personal advice – risk management is essential (position risk 1-2%).