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After investing all my funds to buy ASTER with #加密市场回调 , I have now adjusted my mindset and will bring you an in-depth analysis next.
Trend Structure Analysis
The current price of ASTER is hovering around 0.95 USDT, experiencing a sustained decline from its peak. Recently, the candlestick chart shows small body states, and the trading volume has significantly weakened, indicating that selling pressure is gradually dissipating. Although it is still in a downward channel overall, the speed of decline has slowed down, which may suggest that the market is building a bottom area.
[Key Price Range]
Current support area: 0.93-0.97 USDT, the repeated appearance of lower shadows indicates that there are already buyers entering the market. If this range is lost, the price may further seek support around 0.85.
Resistance levels above: 1.05-1.10 USDT serves as short-term rebound pressure, where there was a previously dense transaction area during consolidation; while 1.18-1.22 USDT constitutes mid-term resistance. If this area can be broken with volume, it may lead to a trend reversal opportunity.
[Volume and Momentum Analysis]
The current trading volume shows a clear decreasing trend, with a characteristic of increased volume during declines and reduced volume during rebounds indicating that the bears still dominate. However, the lower shadow lines formed by recent low K-lines show that some funds have begun to tentatively build positions. From a momentum perspective, although the bears hold the advantage, their strength is weakening, and a consolidation phase may be entered in the short term.
[Two Possibilities for the Future Market]
1. The possibility of sideways consolidation forming a bottom ( is relatively high ):
If the price can hold above 0.95, it is expected to oscillate and consolidate within the range of 0.95-1.05, which will digest the trapped positions and the short momentum. It is worth noting that the longer the consolidation period, the stronger the potential continuation of the subsequent rebound.
2. Continue to test the bottom ( must remain vigilant ):
If the closing price falls below 0.93 USDT and there is an increase in volume, the target area below may be in the range of 0.85-0.88 USDT, and this process may be accompanied by short-term panic selling.
Conclusion and Outlook
ASTER is currently in a low-level consolidation phase after a sharp decline. Although the bearish trend has not completely ended, the downward momentum has significantly weakened, and it is expected to find support near 0.95 in the short term. If it can break through the 1.10 level with increased volume in the future, it will release a clear trend reversal signal; otherwise, it will continue to consolidate at the bottom. In my personal opinion, the current position is close to the bottom area, and the market is likely to develop upwards in the future, which is worth paying attention to.