ASTER/USDT Shows Strong Daily Bounce as Volume Surges
The ASTER/USDT pair is drawing attention after a sharp daily move on Binance. Price is currently hovering around $0.625, posting a +14% to +15% daily gain, which marks one of the stronger sessions in recent weeks.
From the daily chart, ASTER appears to be recovering from a prolonged downtrend. The price had been trading well below the MA25 (~0.613) and MA99 (~0.849), signaling sustained bearish pressure in prior sessions. However, today’s candle breaks decisively above the short-term moving average, a common early sign of a potential trend reversal or relief rally.
Volume is a key highlight here. With 24h volume exceeding 84M ASTER, the move isn’t happening quietly—buyers are clearly stepping in with conviction. This level of activity often suggests either renewed speculative interest or accumulation after a pullback.
Despite the bullish momentum, ASTER still faces overhead resistance. The zone around $0.65–$0.68 aligns with recent highs, while the larger resistance sits near the MA99, which may act as a ceiling unless momentum continues. On the downside, the $0.55–$0.56 range now becomes an important support area to watch.
Overall, the chart reflects a market at an inflection point: strong short-term momentum backed by volume, but still within a broader bearish structure. Whether this move develops into a sustained uptrend or fades into a lower high will depend on follow-through in the coming sessions.