ASTER extended its losing streak, falling 14% in the past 24 hours and trading below the crucial $1. Altcoins have struggled to recover amid continued market weakness and investor skepticism.
This loss of psychological support will strengthen the continued downtrend that has dominated Aster’s price action for almost two weeks.
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Aster holders are on sale
The Chaikin Money Flow (CMF) indicator continues to show a steady decline, indicating increasing outflows from Aster investors. This trend reflects increased uncertainty and a shift towards risk aversion as market participants withdraw funds to secure profits or limit potential losses. The slowdown in capital inflows highlights the lack of buying confidence in the asset.
Many holders remain cautious about Aster’s short-term prospects, unsure if the altcoin will rebound. The resulting outflows have increased selling pressure, pushed prices lower and undermined recovery efforts.
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From a technical perspective, Aster’s overall momentum looks increasingly bearish. The Relative Strength Index (RSI) is below the neutral mark of 50.0, suggesting weaker market demand and increased selling activity.
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This decline indicates that sellers are regaining control, reinforcing the continued downward trend in Aster’s market performance.
A bearish RSI usually signals the start of a longer correction phase, especially when combined with declining capital inflows and weak volume support. This could exacerbate price pressures and make it difficult for Aster to establish a stable recovery base in the short term.
ASTER price downtrend is dominant
Aster price is currently trading at $0.995, continuing a clear downward trend that has been going on for about two weeks. The continued failure to break through resistance levels highlights the increasing dominance of sellers and waning interest from buyers across major trading zones.
Over the past 24 hours, Aster has fallen 14% after failing to break out of the downtrend line, dropping below the $1.000 threshold. If this decline widens, the token could fall to the $0.883 support level, potentially incurring further losses if sentiment does not improve.
However, if buyers re-enter the market and investor confidence is restored, Aster could rebound from the $1.000 support zone. If the pullback is successful, the cryptocurrency could test the $1.174 resistance level and potentially break the general downtrend.
