Key Insights
- •ASTER defends major support zones with buybacks active and volume starting to pick up.
- •Bullish Stochastic RSI crossover forms near the fair value gap, mirroring past rally setups.
- •Traders target $1.40 as price nears resistance, with FOMC acting as key short-term catalyst.
The price of Aster (ASTER) was trading around $1.08 after holding a key support area. Over the past 24 hours, the asset has slipped 0.53%, but weekly gains stand at nearly 7%. With the broader market waiting for direction from the upcoming FOMC announcement, ASTER’s recent price action is drawing attention.
Support Zone Shows Stability
The ASTER/USDT chart on the 4-hour timeframe shows the price stabilizing near the $0.96–$1.07 range, aligning with the 0.786 Fibonacci level. This area appears to be acting as a base, as the price has now retested it several times without breaking lower. A rounded bottom formation is developing, suggesting potential accumulation.
Crypto trader momin noted, “Good support [is] building at current prices,” adding that buybacks are ongoing.
He also stated,
“Expect it to move to $1.4 region very quickly once we are done with FOMC & Bitcoin settles towards bullish bias.”
The rising volume during the most recent candles supports early signs of renewed buying interest.
Momentum Indicators Shift
On the 12-hour chart, ASTER is holding above a bullish Fair Value Gap (FVG) and prior support zone between $0.95 and $1.10. Batman called it “one of the cleanest setups right now.” He also pointed out that the Stochastic RSI has made a golden cross, a signal seen before previous local rallies.
This support zone has consistently served as a launchpad in earlier setups. Each time the price entered this range, it reversed upward. With the RSI turning from oversold and MACD lines flattening, momentum may be shifting again in favor of buyers.
Key Resistance to Watch
To the upside, traders are watching the $1.27–$1.33 area. This zone lines up with the 0.618 Fibonacci level and a descending trendline, creating a confluence of resistance. A breakout here could mark the start of a new short-term trend toward the $1.40 level.
The chart outlines a projected recovery path that suggests a move into this resistance zone before any major trend decision. A break through this area could validate momin view that ASTER may target the $1.40 region if market conditions remain favorable.
Market Waits for FOMC Decision
Broader market conditions are expected to remain volatile ahead of the U.S. Federal Reserve’s rate decision. Traders are avoiding aggressive positions until macro clarity improves. ASTER’s current consolidation, however, shows strength as long as the $0.95 level continues to hold.