Crypto.news revealed that the price of Aster coin continues to show remarkable resistance and stability against the wide fluctuations plaguing the cryptocurrency market, maintaining its trading close to the vital support area at 0.92 dollars.
Analysts see that this stability above the "Value Area Low" [Value Area Low or VAL] reflects strong defense by buyers, raising questions about the possibility of forming a "price bottom" for the currency, paving the way for a potential move towards higher resistance levels in the medium term.
The area of $0.92 represents historical support and an indicator of the accumulation phase:
The site noted that in recent days, the price movement of the ASTER coin has centered around the high-time-frame [HTF] support at $0.92, forming a solid trading base. This area, consistent with the "Value Area Low" [VAL], acts as an effective barrier to absorb selling pressure. The repeated resilience above this support is considered a traditional signal of the asset entering an "accumulation phase", where buyers show a continuous willingness to absorb supply at these levels.
This optimistic outlook is reinforced by the announcement of the "Roadmap for 2026" for the Aster coin, which includes plans to launch a Layer-1 blockchain, enhancing the confidence of long-term investors. Despite the price temporarily breaching the area [Wicks], the daily candle closes remained above the VAL, confirming sustained demand strength and indicating the formation of a "Bullish Order Block", supporting the idea of a price bottom beginning to form.
The pivot point is the key to launching towards a level of $0.09:
According to the site, the next main technical challenge for the price of the ASTER coin lies in surpassing the "Point of Control" [POC], which is the area where the highest trading volume was recorded within the current price range. Recovering the price and stable trading above this point is a milestone, as it usually indicates a market shift from a consolidation and accumulation phase to an expansion and launch phase.
If the coin #ASTER successfully establishes a position above the POC, it will significantly increase the likelihood of it moving upward towards the key resistance level for the higher time frame at $0.09. The level of $0.09 represents a strong historical technical barrier, as it was previously a high rejection area. Therefore, reaching or approaching this level will not merely reflect a recovery but may indicate a momentum shift and the beginning of a new trend.
From a market structure perspective, the outlook seems positive for the ASTER coin, as it defends its main support and shows clear resilience in absorbing rapid downturns.
The potential scenario for the coin #ASTER :
The site's technical analysis outlines two main paths in the coming days. The first scenario (optimistic): if the price of the ASTER coin continues to hold above the support of $0.92 and later succeeds in regaining trading above the "Point of Control" [POC], the path will be technically paved for initiating an upward movement targeting the strong resistance area at $0.09 in its first phase.
As for the second scenario (cautious): if the price fails to maintain the current support area and decisively collapses below $0.92 with a consistent daily close below it, this will delay any near-term bullish expectations and return the coin to a wider and longer-term trading range, necessitating a wait for signs of accumulation and new strength.