Key Insights:
- ASTER retests the $1.55 flush zone as traders watch for a rebound after a 15% daily decline.
- Analysts anticipate a recovery if $1.90 is broken, targeting $2.60 for a potential 35% gain.
- Perp DEX trading exceeds $9T in September, driven by ASTER and Hyperliquid market activity.
ASTER is approaching a key support level as traders monitor price reactions around the $1.55 mark. Analysts suggest the move could define the next short-term trend for the token, which has seen sharp fluctuations in recent sessions.
Critical Flush Zone and Current Market Data
According to Crypto analyst AltcoinArdi, ASTER has re-entered the critical flush zone near $1.55, a level where buyers have previously shown strong defense. He noted that this pattern resembles last week’s move, when the price dipped to around $1.50 before rebounding toward $1.83.
The $1.70–$1.75 range served as a critical support area that has now been breached. He noted that the third visit to the flush zone may not be helpful, suggesting that repeated tests of this level could weaken the structure. Ardi added that bulls will need to form a higher low to regain control of short-term momentum.
At the time of writing, ASTER was trading at $1.56, with a 24-hour trading volume of $1.58 billion. The token has fallen 15.12% in the past 24 hours, reflecting market caution as traders await confirmation of support near $1.55 before any potential move toward the $1.80 resistance level.
Bullish Momentum and Perp DEX Volume
However, analyst Sr Peters projected a positive outlook for ASTER, describing current prices as “a sub-$1.70 entry opportunity.” The market structure remains orderly, with momentum beginning to form within the demand zone. Peters added that a move above $1.90 could open the path for a rally toward the $2.60 range.
This move would represent a potential gain of more than 35% from current trading levels. Meanwhile, the perpetual decentralized exchange (Perp DEX) saw its trading volume surpass $9 trillion in September. ASTER and Hyperliquid were among the leading contributors to this rise in trading activity.
A crypto analyst notes that traders are increasingly shifting their liquidity toward decentralized exchanges as on-chain trading gains popularity. He described September as one of the busiest months for decentralized perpetual markets, showing growing participation from both institutional and retail traders.
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