ASTER (ASTER) is witnessing significant losses after plummeting 15% in the past 24 hours. The token’s continued downward trend highlights its lack of support from both investors and the broader market.
As sentiment weakens, Aster risks losing important psychological support at the $1.00 level, threatening further downside.
Aster may not survive.
The Relative Strength Index (RSI) is currently well below the neutral threshold of 50, indicating strong bearish momentum. The decline reflects increased selling pressure among investors, many of whom are exiting positions due to increased volatility. Unless momentum reverses soon, Aster prices could be under significant stress in the short term.
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However, a fall into the oversold zone (usually below the 30 level) could create a reversal opportunity. Historically, such declines have often been the tipping point for oversold assets. For Aster, reaching this point could trigger new buying interest as traders look to take advantage of discounted prices.
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The Chaikin Money Flow (CMF), which measures the inflows into and outflows of assets, continues to fall further into negative territory. This indicates that investors are withdrawing funds from Astor, reflecting a decline in confidence in the altcoin’s short-term performance. Sustained capital outflows often precede long-term downward trends.
This trend suggests that Aster may struggle to obtain new liquidity. Without new inflows, the token price is unlikely to stabilize or recover significantly. Investor hesitation amid broader market weakness could further amplify the bearish momentum and push Aster closer to a key support level.
ASTER price in case of trouble
At the time of writing, Aster is trading at $1.07, holding a fragile level above the $1.00 support level. This threshold is psychologically important and below it can accelerate panic selling.
If the bearish momentum strengthens, Aster could fall below $1.00 and test the support at $0.88. That would widen investors’ losses and further weaken economic recovery sentiment.
Conversely, if Aster regains the $1.17 resistance level as support, the token could rebound. A successful recovery from this point could push Aster towards $1.38, suggesting the beginning of a near-term bullish correction.
