Three Weeks of Silence: Analyst Warns Aster (ASTER) Price Is Building Pressure for a Violent Move

ASTER1,39%
PI30,42%

The Aster price has been stuck in a tight range for weeks, but that quiet period may not last much longer.

Top analyst Ardi pointed out that the token is in its longest consolidation phase ever. In fact, the chart shows that the token has been trading sideways for close to three weeks.

Instead of the token trading up or down, it has been trading in a tight range, repeatedly testing support without breaking it. At writing, the ASTER token is trading at around $0.71.

Here’s What The ASTER Chart Is Showing

The chart shared by trader Ardi shows that ASTER has been defending a key support area around $0.69–$0.70. Several quick dips into that zone were immediately bought up, which suggests buyers are still active at those levels.

Another detail standing out in the ASTER chart is declining trading volume during the consolidation. That type of behavior often appears when markets are quietly building positions before the next move.

Instead of aggressive buying or selling, traders appear to be waiting. According to the analyst, that combination of stable support and shrinking volume can signal a local accumulation phase.

Source: X/Ardi

However, on the upside, the most important level sits around $0.75.That area has acted as a ceiling multiple times during the past few weeks, stopping each rally attempt before it could extend higher.

If the ASTER price manages to break above that level with strong momentum, the next target could come near $0.81, which the analyst describes as a larger macro pivot on the chart.

A move into that region would mark a clear shift in market structure after weeks of sideways action.

_****Pi Coin Price Prediction As Pi Network Prepares Major Upgrade Ahead Of Pi Day**

What’s Next For ASTER?

However, the setup cuts both ways. The longer a market stays trapped in a tight range, the more pressure tends to build. When the breakout finally happens, the move often happens quickly.

If the ASTER price fails to hold the $0.69 support zone, the analyst warns that the downside reaction could be sharp. After weeks of buyers entering the same area, a breakdown could push many of those positions underwater at the same time.

Such a situation may lead to forced selling and drive prices lower.For now, ASTER price remains stuck in a tight range between $0.69-$0.70 support and $0.75 resistance. We’re waiting to see which level will be broken first. Because after three weeks of silence, the next move may not stay quiet for long.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Billionaire Druckenmiller Claims Crypto Could Be New Reserve Currency - U.Today

The bubble threat “Stupid” macro data Legendary investor Stanley Druckenmiller predicted that crypto could eventually supplant the U.S. dollar as the global reserve currency Druckenmiller is doubtful about the greenback’s ability to maintain its much-coveted status 50 years from now "I do

UToday7m ago

Analyst: If Bitcoin returns to $80,000, Strategy stock price could surge by 70%

Analysts believe that Bitcoin-related company MicroStrategy (MSTR), which has experienced a pullback, may be forming a bottom, and if Bitcoin prices resume their upward trend, the stock could rebound to $200. MSTR is currently trading at approximately $134, with nearly 50% potential upside. Bitcoin's price movements and changes in regulatory policies will directly affect the company's stock performance.

GateNews13m ago

Multicoin Co-founder: Must Decentralization Be Slower Than Centralization? PropAMM Is Breaking This Bias

Kyle Samani published a long post on X platform discussing Solana's PropAMM, emphasizing its potential to surpass traditional centralized trading models in efficiency. He pointed out that by directly hosting market-making algorithms on the blockchain, PropAMM can achieve lower-latency price updates. Despite facing some challenges, the upcoming Solana upgrade will significantly enhance PropAMM performance and is expected to become the dominant on-chain trading model.

PANews13m ago

Five Major Funds "Restrict" Private Credit Redemptions, Impact on Cryptocurrency Liquidity Ahead of FOMC

Since late February, multiple private credit fund managers have restricted redemption requests, creating a liquidity crisis. Investors may turn to liquid assets like Bitcoin to raise funds. With the FOMC meeting approaching, this could further exacerbate fragility in the crypto market, while rising credit risk at Deutsche Bank has intensified market anxiety.

MarketWhisper50m ago

How likely is it that HYPE will increase fivefold? HIP-3 is the most powerful engine.

Author: Ishika Kumari, AMB Crypto Compiled by: Peggy, BlockBeats Editor's Note: Against the backdrop of increasing macroeconomic uncertainty and persistently low sentiment in the crypto market, an intriguing divergence is emerging: investor sentiment remains in the "extreme fear" zone, while some asset prices are gradually beginning to rise. Recently, a decentralized derivatives trading platform

PANews1h ago

Bitcoin Finally Won? JPMorgan: Funds Shift After Iran Tensions, Bitcoin ETF Inflows Surpass Gold

JPMorgan report shows that since the onset of the Iran conflict, Bitcoin spot ETFs have experienced capital inflows of 1.5%, while gold ETFs have seen capital outflows of 2.7%. This phenomenon indicates that market preferences for safe-haven assets are shifting and reflects rising institutional investor attention on Bitcoin. However, institutions still prefer gold and maintain a cautious stance on Bitcoin. Analysts are optimistic about Bitcoin's long-term prospects and forecast a price target of $266,000.

ChainNewsAbmedia2h ago
Comment
0/400
No comments