TLDR
- Aster (ASTER) is trading at $1.13, down 2.02% in the last 24 hours, moving through a consolidation phase
- Crypto analyst Crypto Patel projects ASTER could reach $10-$20 based on its technology, scalability, and growing adoption
- The token recently peaked above $1.35 but faces resistance at the middle Bollinger Band of $1.188
- RSI sits at 43.89, showing neutral market conditions with no clear overbought or oversold signals
- Chart analysis reveals a long accumulation zone near $1 that could serve as a base for future price movement
Aster is currently trading at $1.13 after dropping 2.02% over the past 24 hours. The token has entered a consolidation phase as broader market conditions show weakness.
Crypto analyst Crypto Patel recently shared a price projection for ASTER. The analyst stated the token could reach between $10 and $20 in the future. The projection is based on the token’s underlying technology and increasing adoption rates.
The analyst posted a chart showing a long accumulation zone near the $1 level. This zone has held through multiple retests. The pattern shows buyers stepping in during each price decline.
A downward trend line sits above the current accumulation zone. The price has touched this line several times before falling back. This pattern suggests selling pressure but also consistent support at lower levels.
Technical Analysis Shows Mixed Signals
The token recently peaked above $1.35 before starting a downtrend. Multiple attempts to cross the middle Bollinger Band have failed. This indicates reduced buying interest.
The price is now testing the lower Bollinger Band at $1.116. This could signal an oversold condition or a temporary bottom. The middle band at $1.188 is acting as resistance.
The RSI currently reads 43.89. This indicates neutral market conditions. The reading is closer to oversold territory but has not reached extreme levels yet.
The MACD shows bearish momentum. Both the MACD line and histograms remain below the signal line. This suggests continued weakness in market sentiment.
Chart Projects Path to Higher Prices
The analyst’s chart includes a projected price path on the right side. A blue curve shows a steady upward trajectory. The curve passes $1.50, then $2, before climbing toward $3 and higher.
A green vertical block marks a future time window where the projection moves sharply higher. The curve aims for the $10-$20 zone over the long term.
A horizontal line near $2.20 marks the key breakout level. This price serves as the main resistance area. The projection shows a clear jump above this point.
The chart displays an extended accumulation block through a green box. This zone covers several weeks of trading activity. It marks the lowest area of current market interest.
The analyst emphasized that the accumulation zone could be the early phase of a future advance. The theory suggests that participants who enter during this phase may see larger returns.
The analyst noted that only those willing to take structured risk during accumulation phases capture substantial upside. The statement included a reminder to do independent research.
Strategic partnerships and growing adoption are cited as factors that could support higher prices. The token’s technology and scalability are also mentioned as positive elements.
Price movements inside the accumulation zone have shown calm behavior after earlier sharp drops. Volume has shifted but the support level has remained firm.
Market watchers are focused on whether the accumulation zone will serve as a launch point for the next cycle. The $2.20 resistance level will be a key test for any upward movement.
The projection places strong weight on the idea that long cycles form after extended consolidation periods. The view suggests this level may act as a gateway to wider price movement.
The post Aster (ASTER) Price: Trading at $1.13 With Bearish Technical Indicators appeared first on Blockonomi.
Source: https://blockonomi.com/aster-aster-price-trading-at-1-13-with-bearish-technical-indicators/