The ASTER/USDT 1-hour chart on Binance shows that the market is currently in a very sensitive and important phase. After facing strong selling pressure, the price has dropped sharply and is now trying to stabilize around the $0.82–$0.83 area. This move is not random; it clearly reflects bearish market sentiment in the short term.
This analysis is purely technical, based on price action and volume behavior, without any guaranteed predictions.
Understanding Recent Price Action
Looking at recent movement:
ASTER was previously trading in the $0.95–$0.97 range
The price started forming lower highs, indicating weakness
A strong sell-off occurred between 15–16
The price broke below the $0.90 support
Currently, price is reacting near the $0.80–$0.83 demand zone
Such a move usually happens when sellers gain control and buyers step back.
Current Market Structure (Technical View)
Based on the chart:
Short-term trend: Bearish
Market structure: Lower highs and lower lows
Momentum: Weak, with selling pressure slowing down slightly
This indicates that the market is pausing, but has not yet confirmed a reversal.
Key Support and Resistance Levels
Major Support Zone
$0.80 – $0.82
This is a strong psychological and technical support area. A short-term bounce is possible if this level holds.
Downside Risk Area
$0.75 – $0.77
If the $0.80 support fails, this zone could be the next area where buyers may appear.
Immediate Resistance
$0.86 – $0.88
A sustained move above this level may indicate temporary strength.
Strong Resistance Zone
$0.92 – $0.95
This is where heavy selling pressure appeared previously.
Volume Analysis
High volume was observed during the sell-off
Current bounce is happening with lower volume
This suggests that panic selling has already occurred, but strong buyers have not yet fully entered the market.
Market Psychology at This Stage
At this point:
Retail traders often feel confused
Some traders try to buy the dip
Experienced traders wait for confirmation
Markets usually consolidate near support before making the next major move.
When Can a Bullish Reversal Be Considered?
A bullish scenario may only be considered if:
Price closes strongly above $0.88
Buying volume increases
Higher lows start forming on lower timeframes
Until then, the trend should be treated as weak and vulnerable.
Risk Management Reminder
ASTER is a volatile asset:
Sharp price swings are common
Bitcoin’s movement strongly influences price
Support levels can fail unexpectedly
Avoid entering trades without confirmation and risk control.
Final Thoughts
The ASTER/USDT 1-hour chart clearly shows that the price is testing a critical support zone. The $0.80–$0.83 area will likely determine the next direction. A temporary relief bounce is possible, but a confirmed trend reversal has not yet occurred.
For now:
Patience and confirmation-based trading remain the safest approach.
#asterix $ASTER