โ๐ $ASTER Crashes 7.8%! ๐จ Can Aster Hold the $1.00 Floor or is $0.80 the Final Destination?
โASTER daily chart shows heavy selling, with the price now at 1.026 USDT, down -7.82%. The massive initial run was aggressively sold off, and the market is consolidating just above the critical psychological 1.00 USDT support. The key question: Is the recent MACD bullish crossover enough to spark a reversal, or will a break below $1.00 confirm the path back to the 0.817 USDT low?
โ๐ Technical Outlook (Daily)
โThe long-term trend is bearish, but a key momentum shift is emerging.
โMoving Averages (MAs): Price trades below the MA(7) at 1.053 and MA(25) at 1.087, confirming short-term weakness. Reclaiming $1.087 is necessary for a structural shift.
โMACD: A bullish crossover is confirmed (Histogram is positive at 0.039). This suggests that the bearish momentum is significantly weakening and a local bottoming process is underway.
โ๐ Trade Setup
โA high-risk LONG based on the MACD reversal signal, with a tight stop.
โBias: LONG (Targeting a bounce off the psychological 1.00 support).
โLONG Entry Zone: 0.98 - 1.03 USDT ๐
โTarget 1 (TP1): 1.087 USDT ๐ฏ (MA(25) resistance reclaim).
โTarget 2 (TP2): 1.188 USDT ๐ฏ (Previous local high).
โStop-Loss (SL): 0.950 USDT ๐ (Daily close below this confirms further downside).
โSHORT Entry: Daily close below 0.950 USDT targeting 0.817 USDT.
โ๐จ โThe absolute Line in the Sand is the psychological 1.00 USDT floor. If ASTER fails to hold this level and closes below the 0.95 USDT zone, the MACD signal will be invalidated. This confirms seller dominance and opens the path directly to the recent low of 0.817 USDT.
โ๐ก Tip
โThe MACD signal is strong, but volume confirmation is critical. Wait for a clear surge in buying volume and rejection wicks in the 0.98 - 1.03 USDT zone before entering the trade.
