Aster Price Dips Below $1.09, Can Bulls Defend $1.02 Support Zone?
Aster's sharp descent this week has been an eyesore, especially after such a massive rally since August. In less than a month, the token crumbled 44%, painting a stark contrast to its previous 1,108% climb. Traders are wrestling with the market’s uneasy mix of buyback skepticism and fast-shifting macro winds.
The recent selloff was triggered by multiple events converging all at once. Doubts churning around Aster’s latest buyback plan sparked anxiety about future token supply dynamics. Meanwhile, risk-off sentiment ahead of the FOMC meeting nudged even loyal bulls to reassess their positions. Technical signals only amplified the caution.
From a technical standpoint, Aster’s price is currently hovering NEAR $1.02, which marks the critical 0.236 Fibonacci retracement level. After shattering the $1.09 support, bears have firmly seized control. This is confirmed by the oversold 12-hour RSI reading at 33.06.
The persistent bearish tone is also echoed by the MACD histogram, which just flipped negative, signaling softening momentum. For traders watching support lines, $1.02 is now the battleground. If the price dips further and closes below $1.04, accelerated liquidations could follow.
