The post ASTER Consolidation Hits Critical Point: Breakout at $0.81? appeared on BitcoinEthereumNews.com. ASTER is in its longest consolidation since the $0.90–$The post ASTER Consolidation Hits Critical Point: Breakout at $0.81? appeared on BitcoinEthereumNews.com. ASTER is in its longest consolidation since the $0.90–$

ASTER Consolidation Hits Critical Point: Breakout at $0.81?

  • ASTER is in its longest consolidation since the $0.90–$1.00 zone, with local support still holding firm.
  • Analyst Ardi expects a liquidity sweep above range highs before any real breakout attempt toward $0.81.
  • A break below local support could send ASTER back to the prior breakout zone for a liquidity retest.

Crypto analyst Ardi is watching ASTER closely. He recently flagged the token’s ongoing consolidation as its longest since the $0.90 to $1.00 zone. 

According to him, local support remains intact. As long as it holds, the breakout still favors the upside. Per CoinGecko, ASTER is currently trading at $0.7273, up 3.60% in the last 24 hours.

ASTER Forms Its Longest Consolidation Range in Recent History

Ardi shared a technical breakdown on social media, noting that ASTER has been compressing inside a well-defined rectangular range. This follows a strong impulsive rally. 

Price is sitting above uptrend support, inside a local range, and below key resistance at $0.78 to $0.81. That kind of structure usually signals a pause before the next move, not a reversal.

The analyst also noted that a clear minor high has formed within the local range. That detail matters. It creates liquidity above current price levels, giving the market a target to sweep before any real breakout attempt begins.

Liquidity Sweep Could Come First Before Any Real Move

Ardi does not expect a clean breakout. His view is that the first move will likely be a wick sweep above the range highs. Breakout traders enter longs. 

The market rejects the move. Stops get triggered, and price falls back into the range.

This is a well-known liquidity grab pattern. It traps late buyers and shakes out weak hands. After that flush, Ardi expects price to regroup and attempt a genuine push higher.

Measured Move Points to $0.81 as the Key Target

The $0.81 level keeps coming up for a reason. Ardi points out that the measured move of the rectangle projects right into that area. The height of the range, extended upward from the breakout point, aligns with the same resistance zone the chart has already flagged.

That confluence makes $0.81 a technically valid target. It combines measured move theory, prior horizontal resistance, and a known reaction zone. Ardi puts the target at $0.80 to $0.81 based on that overlap.

ASTER also recorded a 24-hour trading volume of $122,823,734, reflecting strong market participation during this consolidation phase.

What Happens If Local Support Breaks

Ardi is clear about the bearish alternative. If local support fails to hold, the setup changes quickly. He expects the price to fall back toward the prior breakout zone for a liquidity retest. That green uptrend support zone would then become the next area of interest.

He does not frame this as a trend failure. It would be a deeper reset, not a collapse. The market would simply be seeking fresh demand before any continuation attempt. 

But for now, the primary scenario remains bullish as long as structure holds and local support stays intact.

Source: https://www.livebitcoinnews.com/aster-consolidation-hits-critical-point-breakout-at-0-81/

Market Opportunity
Aster Logo
Aster Price(ASTER)
$0.7256
$0.7256$0.7256
+0.34%
USD
Aster (ASTER) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

MicroStrategy Secure From Forced Bitcoin Sales Now

MicroStrategy Secure From Forced Bitcoin Sales Now

The post MicroStrategy Secure From Forced Bitcoin Sales Now appeared on BitcoinEthereumNews.com. MicroStrategy faces no forced Bitcoin sales as Cantor Fitzgerald
Share
BitcoinEthereumNews2026/02/22 00:03
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
JAMB clarifies biometric rule after UTME hijab dispute

JAMB clarifies biometric rule after UTME hijab dispute

According to the claim, the candidate was also asked to confirm in writing that she declined to fully comply with the ear-visibility guideline.
Share
Techcabal2026/02/22 00:04