- Aster ($ASTER) established a strong floor between $1.22 and $1.28, with repeated rebounds confirming accumulation and building solid reaccumulation zones.
- The token had created an inverted head and shoulder pattern on the one hour chart and the neckline was directly below the resistance of $1.64.
- An established breakout in excess of $1.64 can instigate an upside target of up to 1.80, 1.95 and 2.10 which might establish new highs.
Aster ($ASTER) has established a solid foundation on lower support levels, with market activity now pointing to a potential move toward a breakout above $1.64. Traders are closely monitoring this area as a decisive turning point for future gains.
Established Floor and Strong Accumulation
Market participants observed that $ASTER has built a stable floor between $1.22 and $1.28, with repeated rebounds strengthening this zone. According to trader Zoe (@queencryptooo), bids around $1.28 were partially filled, while major orders were placed closer to $1.22.
Volume activity during dips into this range showed consistent demand, suggesting accumulation by stronger hands. This pattern of buying interest has provided the token with a clear support area, offering a stable foundation for upward momentum.
The market’s response to these levels indicates strong conviction among participants, transforming the range into a reaccumulation zone. With this base secured, traders now look to higher price levels for confirmation of the next move.
Inverse Head and Shoulders Formation
The chart structure on the one-hour timeframe has revealed a classic inverse head and shoulders pattern. This formation, often seen as a bullish reversal signal, has been outlined with a left shoulder, head, and right shoulder.
Zoe mentioned that the neckline for this setup is just below $1.64, which becomes the next important level to watch. A confirmed break above this neckline would support the bullish case and suggest continuation of the trend.
Patterns such as this, especially on trending assets, often attract breakout traders. With the neckline aligning with a clear resistance, the structure provides an additional layer of technical validation.
Breakout Levels and Price Targets
The trendline has already been violated to the downside, which is an early sign of changing momentum. Price action is currently consolidating beneath the $1.64 resistance level, which looks like a bullish continuation.
This sideways consolidation is considered a healthy phase of sell-side absorption and could lead to bigger sell-side momentum if the resistance flips to support.
Traders expect that crossing this threshold would open a pathway to higher valuations.
Immediate price targets mentioned include $1.80, $1.95, and $2.10, with the latter suggesting potential for new all-time highs. A confirmed breakout above $1.64 would likely attract fresh buying interest, as well as covering by short positions.
