$ASTER — Breakout or Fakeout? 🚀
ASTER is up over 9% today, trading around $0.6551, and momentum is building. Some are calling for a 25% rally — but now comes the real test.
On the 4H chart, price just broke a major descending trendline that’s been capping moves since January 5th. That level rejected price four times. Today, it finally gave way.
That changes structure.
Level to watch: $0.65
If ASTER can close a strong 4H candle firmly above $0.65, the next target opens near $0.83 — roughly a 25% move from the breakout zone.
Momentum supports the move:
ADX at 26.73 → trend strength confirmed
Open Interest up 6% to $319M → new money entering
Volume expansion backing the breakout
But there’s friction ahead.
The liquidation heatmap shows heavy positioning around $0.665. That’s immediate resistance. If price clears it cleanly, a squeeze could accelerate the move.
On the higher timeframe, there’s also a falling wedge breakout developing — with some calling for much bigger upside. But first, this level must hold.
Here’s the bottom line:
Above $0.65 with acceptance → momentum continuation toward $0.83
Failure to hold → risk of rejection and pullback
Volume is rising. Interest is rising. Structure is shifting.
Now price needs to prove it can hold the breakout, not just touch it.