Aster Price Defies Market Downturn with 10% Rally Amid Reduced Selling Pressure
Aster's price surged 10% to $1.26, bucking the broader market trend after successfully retesting its $1.00 support level. The delayed token unlock event provided crucial breathing room, temporarily reducing sell-side pressure and allowing buyers to regain control.
Trading metrics reveal a complex picture: while total volume spiked 147% to $1.07 billion, spot volume contracted by nearly 33%. This divergence suggests derivative markets are driving the current momentum rather than organic spot demand.
Technical indicators paint a cautiously optimistic outlook. The RSI at 57.5 reflects equilibrium between bulls and bears, while the positive MACD reading of +0.034 signals building upward momentum. A decisive break above $1.26 could open the path toward $1.38, with the cryptocurrency having already cleared key Fibonacci levels.
