$ASTER /USDT Update 🚀
Price is currently trading at ~0.7008 after a strong push to 0.7126 earlier today — successfully breaking and closing above the key 0.710 resistance zone mentioned in recent updates.
Key Observations:
The breakout above 0.710 was accompanied by solid volume and a clear higher high on the 4H/1D timeframes.
Pullback to 0.700 area is healthy profit-taking/consolidation after the sharp move up from the 0.635–0.643 demand zone.
That 0.635–0.643 zone continues to act as major support — buyers defended it aggressively on the last dip.
Current price is holding above the previous resistance (now flipped support) around 0.700–0.701.
Bullish Scenario (Primary Bias):
If $ASTER holds above 0.700 and reclaims 0.710 with increasing volume, next upside targets remain:
→ 0.735 (next psychological + fib extension)
→ 0.760 (stronger resistance)
Bearish Scenario (Invalidation):
A confirmed break and close below 0.635 would invalidate the bullish structure, opening the door to 0.610 or lower.
Technical Confirmation:
Supertrend still bullish on higher timeframes
RSI healthy (65–76 range), no overbought exhaustion yet
MACD remains positive
Volume profile shows heavy accumulation in the 0.64–0.70 zone
Overall, the structure stays firmly bullish while price remains above the main support zone. This pullback offers a favorable risk-reward entry for longs targeting the next leg up.
Always use proper risk management — set stops and take profits!
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