ASTER's recent trend is indeed worth paying attention to. From a price perspective, this coin has been steadily declining from above 1.0 USDT and has now dropped to the 0.6963 USDT level, a quite noticeable decline.
On the technical side, several key signals are flashing red. The short-term 5-day moving average is being pressed down by the 10-day and 20-day moving averages, a typical bearish alignment indicating that the bears are in control. In other words, although there hasn't been an absolute crash, the overall trend shows a lack of momentum.
What’s more concerning is the RSI indicator. Recently, the values have mostly oscillated in the 20-40 range, which means the market has been in oversold territory for a while, and the momentum is quite weak. When RSI approaches 30, there is some room for a rebound from an extreme perspective, but it also suggests that selling pressure has not been fully released.
Based on these technical indicators, in the short term, ASTER is still digesting its previous decline, and a rebound may require waiting for more definitive bottom signals to appear.
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AirdropHarvester
· 9h ago
Another bottoming activity, RSI has been pushed down here, and no one dares to buy the dip?
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AirdropCollector
· 9h ago
Another story of dropping from $1 to $0.69, a classic short squeeze nightmare.
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DAOdreamer
· 9h ago
ASTER really cried this time, dropping from $1 to $0.69, it feels like the bottom is near.
RSI is already above 30, the bears should be running out of bullets soon, right?
Can it hold steady at the 0.6 level? It feels like a key point.
Let's wait and see if there's a V-shaped rebound opportunity.
ASTER's recent trend is indeed worth paying attention to. From a price perspective, this coin has been steadily declining from above 1.0 USDT and has now dropped to the 0.6963 USDT level, a quite noticeable decline.
On the technical side, several key signals are flashing red. The short-term 5-day moving average is being pressed down by the 10-day and 20-day moving averages, a typical bearish alignment indicating that the bears are in control. In other words, although there hasn't been an absolute crash, the overall trend shows a lack of momentum.
What’s more concerning is the RSI indicator. Recently, the values have mostly oscillated in the 20-40 range, which means the market has been in oversold territory for a while, and the momentum is quite weak. When RSI approaches 30, there is some room for a rebound from an extreme perspective, but it also suggests that selling pressure has not been fully released.
Based on these technical indicators, in the short term, ASTER is still digesting its previous decline, and a rebound may require waiting for more definitive bottom signals to appear.