Key Insights:
- Aster remains below the $1 resistance level, confirming continued market weakness and setting the stage for possible downside extension.
- The $0.89 zone emerges as the next crucial support area amid a confirmed bearish structure of lower highs and lower lows.
- A reclaim above $1 could shift sentiment and trigger a recovery toward $1.20, potentially ending the current downtrend phase.
Aster continues to trade under notable pressure, struggling to recover above the $1 mark after repeated rejections near this key resistance. Despite a brief rise in total value locked (TVL) to $2.15 billion, the token remains trapped below critical structural levels, signaling persistent weakness in market sentiment. The market’s inability to regain the value area low confirms that sellers continue to dominate short-term momentum.
Price activity below the $1 threshold reflects a clear bearish setup, where the former support has turned into a strong resistance zone. Consecutive daily closes beneath this level emphasize that buyers have yet to establish control. The next technical support sits near $0.89, aligning with the previous swing low recorded during the earlier correction phase. This zone now stands as the likely next area of interest if downward momentum continues.
Market Structure Reflects Bearish Continuation
The overall structure of Aster’s market remains distinctly bearish, with a sequence of lower highs and lower lows confirming the ongoing downtrend. The formation of a bearish inverse parabola pattern further illustrates accelerating downside pressure, where failed rebounds and weak recoveries contribute to cumulative selling momentum. This setup often precedes a final capitulation stage, signaling that the market could approach an exhaustion point before stabilizing.
Reclaiming the $1 resistance level remains crucial for reversing sentiment. A consistent close above this mark could invalidate the current bearish outlook and initiate a potential rally toward the $1.20 zone. However, continued rejection near $1 would likely extend selling pressure, reinforcing bearish control and maintaining the risk of further downside.
Outlook for the Coming Sessions
In the near term, Aster’s price trajectory will depend heavily on its ability to regain stability above the $1 resistance level. Sustained weakness below this zone increases the likelihood of another capitulation move toward $0.89. Until a decisive recovery occurs, the overall market tone remains cautious, with sellers maintaining an upper hand.
