$ASTER price action here looks very controlled, especially by larger wallets.
Each time price pushes up, it feels like a breakout but those moves are quickly sold into. It’s less about continuation and more about creating liquidity for distribution, before price gets pushed back toward the range lows.
At the same time, retail has been stepping in and absorbing that supply more aggressively since March. That’s what’s made this range so effective it slowly pulled in optimism and held it there.
I mentioned before that losing the $0.70 range was key. Without reclaiming that level, most of the upside moves look more like distribution than real strength and the chart has been respecting that.
It’s also clear $0.70 has been used as a trigger point. Push price into it, get the reaction, and sell into the liquidity.