$ASTER got rejected at $0.80 again this level has been a major pivot since December. Multiple attempts to break it have failed, showing strong resistance.
If the macro inverse head-and-shoulders pattern had managed to hold above $0.80, it likely would have confirmed $0.40 as the cycle low.
Since it didn’t, the chart is at risk of dropping further unless ASTER can reclaim the top of the current consolidation range for another breakout attempt.
Right now, the price is sitting at the bottom of the previous consolidation, which is the last key support around $0.60.
The challenge is that traders who bought the breakout are now underwater. If this support breaks, their exits could create added selling pressure and trigger a sharper drop.