ASTER/USDT – Technical Analysis
Structure: Price moving inside a descending channel (lower highs & lower lows) → bearish trend remains intact.
Recent Action: Bounce from channel support, but still below descending resistance.
Key Levels
Resistance: 0.65 – 0.68 (channel top)
Support: 0.58 – 0.55
Major Support: 0.50
Indicators
RSI (~66): Approaching overbought → upside may be limited short-term.
Scenarios
🔼 Bullish: Break and close above 0.68 → potential move to 0.72–0.75
🔽 Bearish: Rejection at resistance → continuation toward 0.58 then 0.55
Conclusion: Trend is bearish overall; rallies into resistance look like selling opportunities unless a strong breakout occurs.
@Aster DEX $ASTER #astercoin #aster