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The recent movement of ASTER has indeed been quite fierce these days. The market pressure is obvious, all short-term moving averages have flipped to bearish, and yesterday's single-day decline exceeded 4%. This is not just a correction; it's clearly a trend reversal.
From a technical perspective, the RSI has dropped to the 21 level, which looks like oversold, but in this kind of one-way downward trend, oversold indicators don't really change anything—dampening is the common scenario. The death cross on the MACD is even more alarming, with the green bars growing aggressively, indicating strong bearish momentum. Every rebound feels like an electric shock through the body, making it hard to gain any traction.
There's no need to guess where the bottom is at this point; just follow the bearish momentum. The current price is 0.7107, and shorting along the trend is the most prudent approach.