📢 Can $ASTER Reclaim $1.00 After CZ's Investment Effect Wears Off? 📈⁉️
ASTER chart on the 4-hour timeframe shows the token, which surged after CZ's $2M investment announcement, is now in a cooling-off phase. The price at $0.947 has pulled back significantly from its high and is fighting to hold crucial support around $0.895. All eyes are on whether the fundamental conviction from CZ's buy-in can outweigh the current bearish technical pressure.
📊 Technical Outlook
ASTER is caught in a critical zone between long-term support and overhead resistance:
Moving Averages (MAs): Price is below all key moving averages, confirming the short-term bearish trend:
MA(7): $0.951
MA(25): $0.984
MA(99): $1.059
MACD is flat (DIF: -0.020, DEA: -0.020), indicating exhausted selling and low momentum before potential volatility.
The key narrative is the long-term holding status by CZ, which may provide soft support near the recent lows.
📈 Trade Setup
The trade is directional, focused on either a trend continuation Short or a confirmed Reversal Long.
🚀 Bias/Entry Zone (Reversal/Long): Above $0.985 (Confirmation of a 4H close above the MA(25) resistance).
🎯 Target 1 (TP1): $1.046 (Testing the MA(99) resistance zone).
🎯 Target 2 (TP2): $1.086 (Recent swing high).
🛑 Stop-Loss (SL): $0.890 (Placed just below the recent swing low of $0.895).
ASTER needs to hold the $0.895 support. The MACD indicates temporary seller fatigue. A bullish case requires closing above $0.985; failure to do so may lead to new lows, despite strong CZ investment news.
💡 Tip
Look for technical confirmation when a coin is driven by a strong catalyst. Until $ASTER breaks the $0.985 resistance, the path remains sideways to down.
