ASTER is now clearly in a retracement phase — the current price is around 0.743, having broken below the 7-day, 25-day, and 99-day moving averages (at 0.756, 0.769, and 0.867 respectively). The overall trend still looks somewhat cautious, even bearish.
To ease the downward pressure, ASTER needs to regain the short-term moving average zone between 0.76 and 0.78. Once it stabilizes above that, it might attempt to test the 0.82 to 0.86 range. However, the real tough nut to crack is the 99-day moving average, roughly around 0.86 to 0.87.
Looking downward, recent support levels are at 0.73 to 0.72, with the strongest support at the previous low of 0.729. Trading volume has significantly increased during the decline, which usually indicates a higher likelihood of continued bearish momentum. Unless buying interest enters the market and volume can sustain, pushing the price back above the 25-day moving average, the pressure remains quite evident.
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ASTER is now clearly in a retracement phase — the current price is around 0.743, having broken below the 7-day, 25-day, and 99-day moving averages (at 0.756, 0.769, and 0.867 respectively). The overall trend still looks somewhat cautious, even bearish.
To ease the downward pressure, ASTER needs to regain the short-term moving average zone between 0.76 and 0.78. Once it stabilizes above that, it might attempt to test the 0.82 to 0.86 range. However, the real tough nut to crack is the 99-day moving average, roughly around 0.86 to 0.87.
Looking downward, recent support levels are at 0.73 to 0.72, with the strongest support at the previous low of 0.729. Trading volume has significantly increased during the decline, which usually indicates a higher likelihood of continued bearish momentum. Unless buying interest enters the market and volume can sustain, pushing the price back above the 25-day moving average, the pressure remains quite evident.