Can ASTER clear THIS price level and aim for $2.42? Assessing…

Key Takeaways

What’s driving Aster’s recent 11% price surge? 

Doubling trading volume and bullish technical patterns are fueling strong market participation and upward momentum.

What’s the next key level for ASTER to break? 

Clearing the $2.16 resistance is crucial for a continued rally toward the $2.42 all-time high.


Aster [ASTER] is back on crypto investors and traders’ radars after recording an impressive 11% surge in the past 24 hours, at press time.

The move has sparked debate among the prospective investors and traders on whether the rally has enough strength to flip the token’s recent bearish trend and push prices past the $2.16 resistance level.

Aster trading volume doubles over the same duration

The recent price spike in ASTER isn’t happening in isolation, on-chain metrics are also showing strong support. 

Token Terminal data reveals that trading volume has doubled to approximately $2.2 billion, as of writing, indicating active market participation rather than speculative activity. 

Historically, rising volume confirms that a rally is backed by genuine buyer interest, and if accumulation continues, ASTER’s current momentum could be sustained.

Source: Token Terminal

THIS resistance level appears as the next key test

For ASTER traders and investors, all eyes are now on $2.16 — a level that previously acted as a key hurdle during Aster’s last recovery attempts.

On the 4-hour chart, Aster price have been consolidating in bullish flag pattern over the past few days until the recent surge came to the rescue.

With the breakout, the only hurdle between the long-term market shift lies at the $2.16 resistance level.

At press time, the momentum seemed to be on bulls favors. However, market analysts caution that a failed attempt could lead to short-term consolidation or a pullback as early buyers lock in profits.

Source: TradingView

Liquidity cluster adds more to the bullish bias

AMBCrypto recent analysis of CoinGlass’ Liquidity Heat Map data indicate a presence of several liquidity clusters above ASTER’s current trading price.

The array of liquidity clusters creates points of interests that could pull Aster price further up, especially given the recent spark.

Source: CoinGlass

Despite the 11% surge, rising volume and visible liquidity clusters reflect growing optimism, but for coin’s momentum to continue, bulls must sustain strong buying pressure in the market.

To unlock a more significant move, ASTER must break through the $2.16 resistance level, clearing it could pave the way toward its recent all-time high of $2.42.

Next: Binance coin – Identifying KEY factors for BNB’s $1,150 breakout

Source: https://ambcrypto.com/can-aster-clear-this-price-level-and-aim-for-2-42-assessing/