ASTER shows early signs of a short-term recovery after testing a key support zone between $0.557 and $0.564. The token has gained roughly 5% in 24 hours, but analysts caution the rebound may be limited, with resistance near $0.608. For a sustained bullish trend, experts state ASTER must re-establish stronger support in the $0.70 to $0.80 range.
The cryptocurrency ASTER is showing early signs of a short-term recovery after successfully testing a critical support zone. The token is trading at $0.5682 with a 24-hour trading volume of approximately $381.8 million, according to data from CoinMarketCap.
Analyst CryptoPulse noted a potential short-term setup where ASTER is creating a double bottom pattern above a range of $0.557 and $0.564. “The next level to watch will be near $0.608, which had served as support and is now resistance,” the analyst stated.
Another market watcher, Peak, offered a conservative outlook despite the token’s strong open. Stated analysis indicates the technical outlook remains weak until higher support is regained.
“In order for a proper bullish trend to emerge, the token needs to re-establish support at the $0.70 to $0.80 range,” the analyst noted. Overall, the recent uptick reflects short-term positive sentiment, though confirmation of a longer-term trend is pending.
