Market Analysis of ASTER/USDT:
Aster has experienced a strong decline of about 20% in the last 24 hours, showing clear selling pressure after a recent rally. The price reached a 24-hour high of $1.26 but has since dropped to around $0.97, indicating that traders are taking profits and short-term momentum has weakened.
The first support level is around $0.92–$0.88, which was the recent low zone where buyers previously stepped in. If the price falls below this level, the next key support could be near $0.85, which acted as a bottom in earlier trading sessions.
On the other hand, the resistance level lies around $1.00–$1.02, followed by stronger resistance at $1.08 and then $1.26, which marks the recent top. A break above $1.08 could open the way for another upward move, but failure to hold above $0.92 may lead to further downside.
The moving averages show a short-term bearish trend, with the MA7 ($0.978) below the MA25 ($1.076), signaling continued selling pressure. However, the MA99 ($0.999) sits close to the current price, showing that the pair is hovering near a neutral zone where a reversal could occur if buying volume returns.
In short, ASTER/USDT is in a correction phase after a sharp rise. Holding above $0.92 may help it recover, but breaking below $0.88 could signal more losses ahead.
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