ASTER is trading at around $0.74 after falling over 22% over the last seven days. The drop continued with an 8% decline in the past 24 hours.
Consequently, the recent swap occurred after a noticeable technical failure as the price dumped below its important support area of $0.85 to $0.9. The selling pressure was high all through the week, and there has not been any recovery yet.
Breakdown Confirms Downtrend
The chart shows a steady pattern of lower highs over several weeks, with a descending trendline guiding the move down. That trend ended with the support level breaking cleanly, without any strong rebound or wick.
Cirus described the move as a “textbook breakdown,” adding, “That wasn’t panic selling. That was acceptance of lower prices.” The post warned that any short-term bounce should not be mistaken for a reversal, saying “Bounces ≠ reversals in broken structure.” The trend remains in place until strength returns above the former support.
Meanwhile, ASTER trades we
We współpracy z: https://cryptopotato.com/aster-tanks-22-as-key-support-breaks-whats-next/
