$ASTER Currently testing a major resistance zone between $0.66 and $0.70, where price has struggled to break through. The recent rejection from this level indicates weak momentum, with sellers actively defending this area.
As long as this resistance holds firm, the likelihood of a bearish move increases, with potential targets around $0.61 and $0.56. This aligns with the current market structure, suggesting a possible corrective phase ranging from 10% to 20% if buyers fail to reclaim higher levels.
At this stage, price is sitting at a decision point. A confirmed breakout and acceptance above resistance would invalidate the bearish outlook and open the door for further upside. However, continued rejections keep the bias tilted towards a deeper pullback as the market seeks lower liquidity before any sustainable move.
#altcoins
As long as this resistance holds firm, the likelihood of a bearish move increases, with potential targets around $0.61 and $0.56. This aligns with the current market structure, suggesting a possible corrective phase ranging from 10% to 20% if buyers fail to reclaim higher levels.
At this stage, price is sitting at a decision point. A confirmed breakout and acceptance above resistance would invalidate the bearish outlook and open the door for further upside. However, continued rejections keep the bias tilted towards a deeper pullback as the market seeks lower liquidity before any sustainable move.
#altcoins
