Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Aster Token Faces Critical $1 Zone as RSI Hits Oversold, Driven by Volatile Markets

Aster’s price tests critical $1 support after rejecting $1.07–$1.08 resistance, with RSI hitting extreme oversold levels around 22–25.

Liquidation clusters indicate intense forced selling, creating volatility, while high liquidity zones above suggest potential resistance for price retracements.

The Aster ecosystem maintains $1.385 billion TVL, $652 million annualized fees, and strong trading volumes across DEX and perpetual markets.

ASTER continues to navigate a volatile market, and is testing key support near $1.00–$1.03. Price action remains under pressure, with traders closely monitoring short-term movements. The token’s momentum is heavily influenced by both liquidity clusters and technical indicators.

Short-Term Price Analysis

Aster’s chart shows a clear short-term downtrend, dominated by a descending trendline. Price recently rejected the $1.07–$1.08 resistance zone and fell sharply back toward a critical support band

This zone between $0.99–$1.03 has historically acted as a strong battleground between buyers and sellers.Analyst ArdiNSC indicates that the price lost the micro 61.8% level near $1.03 and now sits inside a red accumulation zone

RSI readings have hit extreme oversold levels around 22–25, signaling potential relief bounces.Even though Aster shows oversold conditions, the market stays bearish until bulls push price back above $1.07–$1.08.

ASTER Price 1Hour Chart / Source: X

If the $1.00 support breaks $0.94 Fibonacci level becomes the likely target. These short-term bounces below major resistance are corrective rather than a full trend reversal.

Market Liquidity and Volatility

Aster’s recent price cascade coincided with concentrated liquidity clusters. Liquidation heatmaps show bright yellow and green zones where forced selling accelerated downward movement

These clusters represent high-risk price points where positions are automatically closed.Above the crash, thick light-blue and teal liquidity pools suggest potential resistance during retracements

Conversely, smaller pockets below the decline indicate that a new price base is forming, though strong selling pressure remains overhead.The market structure reflects liquidation-driven volatility

Price is likely to gravitate toward high-liquidity bands as traders respond to forced closures and clustered orders. This dynamic contributes to rapid swings within short periods.

Ecosystem Metrics and Trading Activity

Aster maintains a robust on-chain ecosystem with a Total Value Locked (TVL) of $1.385 billion. The protocol’s annualized fees of $652 million suggest sustained demand for its services

High fees demonstrate consistent network usage and revenue generation.DEX trading volumes reached $3.589 billion over the past 30 days, while perpetual contract volumes totaled $259.147 billion

Open interest at $2.305 billion points to active trading and market volatility.Aster market cap climbed to $2.014 billion and fully diluted valuation is around $8 billion

The token is trading at about $1 per token and daily trading volumes are $323 million, showing steady participation from traders and investors.

The post Aster Token Faces Critical $1 Zone as RSI Hits Oversold, Driven by Volatile Markets appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

ASTER-1.35%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
小赚1个亿米vip
· 8h ago
short开空
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)