- Aster trades at $1.06 after falling 2.34% in the past 24 hours.
- Price remains flat near the 20-4H MA, signaling possible breakout.
- Support zone between $1.05 and $1.07 continues to hold for Aster.
Aster (ASTER) is trading near a key moving average level after experiencing a 2.34% drop in the last 24 hours. The price action is flat, and some traders are watching for a possible breakout from the 20-period moving average on the 4-hour chart, which could suggest a short-term trend reversal.
Aster Holds Support Amid Price Pullback
At press time, Aster (ASTER) is currently priced at $1.06, showing a 2.34% drop in the last 24 hours. The token briefly touched a high of $1.0927 before reversing direction. Since then, it has traded sideways within a narrow range.
The chart shows a clear support zone between $1.05 and $1.07. This zone has repeatedly held over the past few sessions, helping to prevent further losses.
Crypto analyst Michaël van de Poppe noted, “I think it’s about to break upwards, as it’s currently about to break the 20-4H MA.” This refers to the 20-period moving average on the 4-hour chart. A close above this line could indicate a shift in trend toward upward momentum.
Resistance Levels and Breakout Watch
The price is currently sitting just below the 20-period moving average on the 4-hour chart. This level has acted as resistance during the recent downtrend. If the price breaks and closes above it, traders may look toward the $1.14–$1.16 range for short-term profit-taking.
A marked resistance zone lies just below $1.20, where the first target profit (TP) area is highlighted on the chart. This zone will be a key level to monitor in the coming sessions.
Until that resistance is broken, the overall trend remains neutral to bearish. However, the flat price action combined with stable volatility may provide entry opportunities if the breakout occurs.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
