---$ASR
📊 ASR/USDT Market Update – 4H Chart Analysis
ASR is currently trading at $6.131, showing a -2.79% decline in the last 24 hours. The price recently touched a high of $6.795 before experiencing a corrective pullback.
🔍 Current Market Situation:
After a strong rally earlier this month, ASR faced selling pressure, leading to a steady decline.
Price action is now testing an ascending trendline support area, which has been respected in recent upward movements.
The chart shows a possible bounce scenario from the trendline, as highlighted by the upward arrow in the analysis.
📈 Technical Outlook:
Support Zone: Around $6.10 – $6.00 (trendline support + psychological level).
Resistance Levels: Immediate resistance is near $6.80, followed by $7.50 if bullish momentum returns.
Holding above the trendline could trigger a short-term bullish reversal, targeting higher levels.
A break below $6.00 may invalidate the bullish scenario and open the door to deeper retracement.
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💡 Trading Sentiment:
Currently, the market is at a critical decision point. Buyers need to defend the trendline to maintain the bullish structure. If buying volume increases, we may see a reversal in the coming sessions.
⚠ Note: This is not financial advice. Always do your own research and use proper risk management before trading.
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