The 1-hour chart of ASTER/USDT is clearly showing the weakness in the market right now. The current price is around $0.818 and there has been strong selling pressure observed in the last 24 hours. This move is both a concern and an opportunity for traders—everything depends on the next confirmation. Let's understand this chart in detail.
Market Overview: Sideways with Sharp Breakdown Taken
At the start of the chart, ASTER was trading in a narrow range, where the price was consolidating between $0.94 and $0.96. However, as selling pressure increased, the price lost its balance and experienced a strong bearish breakdown. After this breakdown, the price dropped straight to the $0.80–$0.82 zone.
This type of move usually results from panic selling or stop-loss hunting, where weak hands exit the market.
Important Support and Resistance Levels
Some critical zones are very clear on this chart:
Major Support: $0.78 – $0.80
This zone has been holding the price so far. If this support breaks, the next downside $0.75 could be near.Immediate Resistance: $0.83 – $0.85
It is very important for the price to give a strong close above this zone for recovery.Strong Resistance: $0.90 – $0.92
There has been rejection from here before, so this zone is a strong area for sellers.
Volume Analysis: Evidence of Panic Selling
A sudden increase in volume during the sell-off is proof that there was panic and aggressive selling in the market. However, a slight decrease in volume at lower levels indicates that selling pressure is gradually exhausting.
If volume increases while the price is going up, it will be a strong signal for short-term recovery.
Trend Structure: Short-Term Bearish
The short-term structure is still clearly bearish. Lower highs and lower lows are being formed, indicating that the trend is still under the control of sellers. Until the price reclaims above $0.85, it will be difficult to say there is a full trend reversal.
Possible Scenarios What Could Happen Next
Relief Bounce Scenario:
If $0.80 support holds, a short-term bounce $0.85–$0.88 could be possible.Further Breakdown Scenario:
If the price goes below $0.78 with strong volume, further decline could be seen, where the next target $0.75 may be.Consolidation Scenario:
Price may consolidate between $0.80–$0.83 for some time, where the market will choose the next direction.
Final Thoughts
ASTER/USDT is currently in a high-risk zone. A sharp fall could be followed by a short-term relief rally, but until strong resistance levels are broken, trusting in recovery may be risky.
Smart traders always wait for confirmation and prioritize risk management. In such volatile moves, patience and discipline are the most important strategies.
