Cryptocurrency ASTER has confirmed a bullish technical pattern, suggesting a potential trend reversal. Analysts cite a completed breakout from a falling wedge formation on the daily chart, with the price holding key support. Market data shows the asset rebounding above several key moving averages, though overhead resistance remains. According to one analyst, a measured move projection indicates a potential 130% rally toward the $1.40 level.
The cryptocurrency ASTER confirmed a falling wedge breakout on its daily chart, a pattern often associated with trend reversals. According to crypto analyst Captain Faibik, the price has broken above key resistance and successfully held support during a retest.
Analysts now anticipate a potential 130% rally targeting the $1.40 region based on the wedge’s measured move. This projection is supported by rising volume confirmation observed in recent trading.
TradingView data shows ASTER rebounded strongly after a correction, moving back above its 20- and 50-day exponential moving averages (EMAs). This action created higher lows, signaling a short-term trend reversal.
Despite the bullish structure, overhead resistance exists at the 200 EMA and previous supply levels between $0.67 and $0.71. Critical support is seen in the $0.63–$0.64 range, where a break could trigger a pullback.
Momentum indicators currently reinforce the bullish outlook. The Relative Strength Index (RSI) is in the mid-60s, indicating strong momentum without being overbought.
The Moving Average Convergence Divergence (MACD) is also in positive territory, with its line above the signal line. A histogram showing green bars suggests the prevailing uptrend may continue, though contracting bars would signal slowing momentum.
