$ASTER is up more than 9% today, currently trading around $0.6551, and traders are starting to eye a potential 25% move higher. But is this breakout sustainable?
Let’s break it down.
On the 4-hour chart, ASTER has finally broken above a major descending trendline that’s been suppressing price since January 5th. The trendline was tested four separate times — and each time, price rejected.
Until now.
Today’s breakout changes the structure and opens the door for further upside.
The critical level to watch is $0.65. If ASTER can secure a strong 4-hour close above that level, the next technical target sits near $0.83 — roughly a 25% move from current prices.
Momentum supports the move. The ADX (Average Directional Index) is at 26.73. Readings above 25 typically indicate a strengthening trend, suggesting this breakout has energy behind it.
Derivatives data adds to the story.
Open Interest has climbed over 6%, reaching approximately $319 million. That signals fresh capital entering the market and rising conviction among traders.
The liquidation heatmap highlights a key battleground around $0.665, where a large cluster of leveraged positions sits. That area acts as near-term resistance. A clean break above it could trigger forced liquidations and potentially spark a short squeeze, accelerating the rally.
On the higher timeframe, some analysts are even more bullish, pointing to a falling wedge breakout on the daily chart with projections as high as 130%.
But there’s one condition: the breakout must hold.
If ASTER fails to maintain strength above $0.65 and closes back below the trendline, the prior rejection pattern could repeat — opening the door to another pullback.
The roadmap is straightforward:
• Hold above $0.65 → Target $0.83
• Lose $0.65 → Expect potential retracement
Volume is rising. Open interest is rising. Trend strength is improving.
Now price needs to confirm the breakout.
