ASTER Price Analysis: Rally Sustainability in Question After Breaking Rising Channel

ASTER's parabolic rally from $0.0718 to $2.43 within a week has broken below its ascending trend channel, signaling potential exhaustion. The token now faces a critical test at the $1.95 resistance level, with failure to reclaim this zone possibly triggering deeper corrections.

Technical indicators show weakening momentum, with the RSI cooling from overbought territory. The $1.50 level emerges as immediate support, coinciding with the 200 EMA on hourly charts. A breach here could accelerate declines toward the $1.20 demand zone or even the $0.40-$0.50 range where institutional interest first appeared.

Market participants are closely watching whether ASTER can stabilize after its meteoric rise or if this marks the beginning of a significant retracement phase. The token's ability to hold above key Fibonacci levels will likely determine its near-term trajectory.