The ASTER token traded near $0.70 as analysts observed conflicting technical signals. Analyst Cryptorphic noted the token was losing short-term momentum below key moving averages, with potential support at $0.63 to $0.60. Conversely, analyst GainMuse identified a potential breakout setup with support near $0.66 and a target of $0.90, citing a recent upward trend.
The ASTER token continued to display sideways movement at approximately $0.70 as market analysts evaluated mixed momentum indicators. The token’s Relative Strength Index (RSI) reading of 55.62 suggested a neutral market position, indicating neither strong buying nor selling pressure. Technical indicators like the Moving Average Convergence Divergence (MACD) also showed reduced momentum, with a small gap between the MACD and signal lines.
Market analysts offered differing assessments of the token’s trajectory based on recent price action. Analyst Cryptorphic highlighted that ASTER was losing ground below short-term support, stating, “ASTER had a great upward push but is now losing momentum.” He identified a crucial support zone between $0.63 and $0.60 where sellers were gaining control.
In contrast, analyst GainMuse presented a more optimistic technical outlook for the asset. He revealed that ASTER was showing a stronger upward trend and gearing up for a major breakout. His analysis pointed to immediate support around $0.65 to $0.66 with a possible target of $0.90.
According to market data, ASTER’s price was $0.6986, reflecting a 0.65% increase over 24 hours. The token’s market capitalization stood at approximately $1.73 billion, having gained over 19% in the past month. Key moving averages and Bollinger Bands highlighted ongoing consolidation, with the price trading below major trend averages like the 100-day and 200-day Exponential Moving Averages (EMAs).
