ASTER Price Prediction: Token Plummets 20% in a Week – Is Zero the Next Stop?
ASTER's price chart just painted a deep red streak—a 20% nosedive in seven days has traders gripping their desks.
What's Behind the Freefall?
The sell-off pressure is relentless. Market sentiment flipped bearish fast, with panic spreading faster than a blockchain fork. No single catalyst? Sometimes it's just a classic crypto sentiment shift—fear begets more fear.
Technical Breakdown
Key support levels shattered like cheap hardware wallets. The 20% weekly drop isn't just a dip; it's a warning flare. Chart patterns suggest the bears are firmly in control, with buying volume looking thinner than a trader's patience during a network congestion.
Survival or Implosion?
Talk of 'heading to zero' fuels the drama, but let's be real—crypto assets have a habit of staging comebacks that defy all logic and traditional finance models. This could be a brutal shakeout or the start of a deeper correction. Only the market's collective mood, that fickle beast, holds the answer.
Remember, in crypto, today's catastrophe is tomorrow's 'I told you so' opportunity—usually after a few VC-funded announcements and a coordinated Twitter thread. The line between a dead project and a sleeping giant is often just a well-timed pump away.
Data from DeFi Llama shows that Aster’s total value locked (TVL) started to drop after the October 10 flash crash. Back then, Aster’s TVL sat at nearly $2.5 billion, while it has now retreated to $1.3 billion.
Traders were spooked by the massive wave of liquidations that flushed out $16 billion in just a few hours and don’t seem to be ready to come back to the market yet.
Aster Price Prediction: ASTER Breaks Below Two Key Support Levels and Could Drop by Another 27%
The 4-hour chart shows that Aster has broken two key support areas and could continue to drop if it fails to recapture the $0.82 level.
The downtrend has accelerated since Monday, while yesterday’s data-heavy session contributed to pushing the price below this key threshold.
The Relative Strength Index (RSI) has already hit extreme levels in this lower time frame and seems to have made a double bottom. This favors a mild recovery during today’s session that could push ASTER back to $0.82.
Failing to MOVE above that mark could result in a 27% loss, as it could push the token to $0.60.
Trading might be out of fashion right now, but mining cryptocurrencies is still a highly rewarding activity. A new mine-to-earn (M2E) game called Pepenode ($PEPENODE) makes mining easy and fun, and its crypto presale offers you the chance to gain as its popularity keeps growing.
Pepenode ($PEPENODE) Makes Mining Accessible Through Virtual Rigs
Mining cryptocurrencies is often viewed as a complex activity that requires thousands of dollars invested in equipment. Pepenode ($PEPENODE) is here to defy that paradigm by allowing players to launch VIRTUAL mining servers easily.
You can fire up as many rigs as you want by simply buying $PEPENODE. The more rigs you activate, the more tokens you will be able to mine.
In addition, you can spend $PEPENODE to upgrade your current setup and increase its output.
As the game’s popularity increases, the $PEPENODE you mine will become more valuable. Moreover, top miners will get surprising airdrops of top tokens like Pepe ($PEPE) and Bonk ($BONK) as they climb the leaderboard.
To buy $PEPENODE and join the game, simply head to the official Pepenode website and LINK up a compatible wallet like Best Wallet.
You can either swap USDT or ETH for this token or use a bank card to buy.
