Aster Price Up 16% in 24 Hours as Buyers Return Strong

Aster has drawn investor attention with a sharp 16% rise in the last 24 hours, placing the altcoin at $1.62. 

The sudden surge comes despite a directionless broader market, signaling that supportive buyers are stepping in to sustain momentum and potentially drive further price gains.

Aster Investors See Opportunity

The Chaikin Money Flow (CMF) indicator highlights that Aster continues to record strong inflows even as most cryptocurrencies show declines. Sustained demand suggests that investors remain confident in the token’s potential, regardless of short-term volatility across the broader crypto market.

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This investor conviction could prove pivotal for Aster. Consistent inflows often translate into price stability, and in this case, resilience against wider bearish pressures. If demand persists, the altcoin could maintain upward momentum.

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While inflows provide optimism, technical indicators like the Moving Average Convergence Divergence (MACD) paint a more cautious picture. The MACD shows limited support for a bullish continuation, with rapid shifts on the hourly chart highlighting market uncertainty.

This directionless behavior suggests that while Aster benefits from strong backing, it is still vulnerable to external conditions. Any sustained bearish market cues could offset inflows, leaving the altcoin exposed to declines.

ASTER Price May Bounce Back

At the time of writing, Aster is priced at $1.62, holding firm above its $1.58 support. For now, the altcoin is likely to remain rangebound between $1.58 and $1.71 as it consolidates recent gains.

If the broader market turns favorable, Aster could breach $1.71 and move toward $1.87. Such momentum would bring the altcoin closer to retesting its all-time high of $1.99, a milestone last seen during peak bullish phases.

However, downside risks remain. A break below $1.58 would signal weakening demand, potentially driving Aster down to $1.48. This scenario would invalidate the current bullish outlook, highlighting the importance of strong market support