ASTER/USDT 1-Hour Market Analysis
1. Price Trend: The price has recently shown a rapid decline from a high of around $0.997, hitting a low of $0.765 within 24 hours, with the current quote at $0.790, reflecting a significant drop from previous highs, with a daily decline of 6.06%.
2. Moving Average Indicators: The short-term MA5 ($0.803), MA10 ($0.810), and MA20 ($0.812) are all above the current price, indicating bearish pressure; the long-term MA288 ($0.947) is far from the current price, suggesting weak support in the medium to long term.
3. Trading Volume: The trading volume has significantly increased during the decline, indicating a strong willingness to sell, with short-term selling pressure prevailing.
4. Key Price Levels: $0.765 is the 24-hour low and serves as an important short-term support level; if this level is broken, further declines may occur; the resistance above is first at MA5's $0.803, and after breaking that, the $0.810-$0.812 range should be monitored.
