$ASTER is at a critical battlefield.
š Price continues to hold above all major moving averages, with EMA200 sitting at $0.6432 ā keeping the broader bullish structure intact.
But beneath the surface, the story is different.
š» Perp CVD remains deeply negative at -37.53M, showing aggressive selling pressure. š» Every rally into the $0.6720ā$0.6800 zone is met with heavy sell walls. š» The June 16 breakout attempt printed nearly 12M volume, yet buyers couldn't force acceptance higher ā the move was absorbed.
Right now, bulls are defending structure. Bears are defending resistance.
The longer this tension builds, the bigger the eventual move could be.
Watch the $0.6800 level closely. A clean break could shift momentum fast, while continued absorption may trigger another test of lower support.
$ASTER #ASTER
š Price continues to hold above all major moving averages, with EMA200 sitting at $0.6432 ā keeping the broader bullish structure intact.
But beneath the surface, the story is different.
š» Perp CVD remains deeply negative at -37.53M, showing aggressive selling pressure. š» Every rally into the $0.6720ā$0.6800 zone is met with heavy sell walls. š» The June 16 breakout attempt printed nearly 12M volume, yet buyers couldn't force acceptance higher ā the move was absorbed.
Right now, bulls are defending structure. Bears are defending resistance.
The longer this tension builds, the bigger the eventual move could be.
Watch the $0.6800 level closely. A clean break could shift momentum fast, while continued absorption may trigger another test of lower support.
$ASTER #ASTER