ASTER recorded a 6% price increase over the past 24 hours, accompanied by a 75% surge in daily trading volume, according to CoinMarketCap data.
The move comes as Bitcoin has maintained support near the $82K level for the past week, with bulls preventing prices from dropping below this threshold. This Bitcoin stability has helped the broader altcoin market stabilize, with the altcoin market cap remaining in the $1.14-$1.15 trillion range.
Technical Resistance Points
ASTER lacks a clearly bullish long-term trend despite the recent gains. On the 3-day chart, key swing points from the start of the year sit at $0.403 and $0.813. The $0.813 level represents a swing high that was tested in August but not closed above, which technical analysts say is necessary to confirm a trend reversal.
Volume trends have remained weak relative to historical averages. The 3-day volume barely exceeded the 20-period moving average in September, and the Accumulation/Distribution indicator has not climbed higher due to relatively low volume and upside wicks.
Trading Range and Near-Term Outlook
ASTER has been trading within a range between $0.67 and $0.81 over the past month. Recent gains pushed the price above the $0.74 midpoint of this range. Technical indicators on the 4-hour chart suggest increased buying pressure and bullish momentum.
Traders are watching for a potential breakout past $0.813, which would signal a long-term trend shift from bearish to bullish structure.
