Crypto

Aster price slides to new yearly low, bears stay in control


Aster price weakens after losing the $0.91 support on a closing basis, increasing downside pressure and opening the risk of a capitulation move toward the $0.81 yearly low.

Summary

  • Aster loses key $0.91 support, confirming structural weakness.
  • Acceptance below prior support signals bearish continuation.
  • Downside risk now focuses on the $0.81 yearly low.

Aster (ASTER) price is showing clear signs of accelerating downside momentum as price action continues to deteriorate beneath key technical levels. The recent loss of the $0.91 support, a level that previously held price for an extended period, marks a decisive shift in market structure.

With acceptance now established below this zone, sellers appear firmly in control, increasing the probability that Aster could soon test, or even break below, its yearly low.

Aster price key technical points

  • Critical support at $0.91 has been lost on a closing basis, confirming bearish continuation.
  • Price acceptance below former support signals weakness, rather than a temporary deviation.
  • Downside risk now targets the $0.81 yearly low, where capitulation behavior may emerge.

Aster price slides towards yearly low with bears firmly in control - 1
ASTERUSDT (12H) Chart, Source: TradingView

The $0.91 level has played a pivotal role in Aster’s price structure over recent months. Price spent a significant amount of time consolidating above this zone, suggesting that it was widely accepted as fair value by market participants. However, the recent breakdown and subsequent acceptance below $0.91 represent a meaningful structural failure rather than a brief liquidity sweep.

When a price loses a significant support level on a closing basis, especially one that has served as a long-term floor, it often signals a transition to a more aggressive bearish phase. In Aster’s case, the breakdown has been followed by continued downside follow-through, reinforcing the notion that sellers are not only active but dominant, even as Aster reveals its 2026 roadmap outlining plans for a layer-1 blockchain launch, highlighting the disconnect between long-term development plans and near-term price weakness.

From a market-structure perspective, Aster is now trading below its prior swing low, effectively invalidating any remaining bullish structure. This breakdown suggests that the market is no longer seeking balance but instead rotating lower in search of fresh liquidity. Such behavior is typical in the later stages of a downtrend, when momentum accelerates as confidence on the buy side wanes.

The next major area of interest lies at the $0.81 yearly low. This level has not been meaningfully tested since its formation, which increases its significance from both a technical and psychological standpoint. Untested lows often attract price, as resting liquidity tends to accumulate in these regions over time. As Aster approaches this level, the probability of a capitulation-style move increases.

Capitulation moves are characterized by sharp, impulsive sell-offs driven by panic and forced liquidation rather than orderly selling. These moves typically occur after prolonged weakness and the loss of key support levels, conditions that are currently present in Aster’s chart. The fact that price is now sliding below the current swing low adds weight to the idea that a final liquidity flush may be underway.

Volume behavior further supports the bearish case. Recent declines have not been met with strong buying responses, suggesting that demand remains weak. Instead, price continues to grind lower with little resistance, a sign that buyers are stepping aside rather than aggressively defending levels. Until a meaningful reaction occurs, downside continuation remains the dominant scenario.

What to expect in the coming price action

As long as Aster remains below the $0.91 support, downside pressure is likely to persist. A test of the $0.81 yearly low appears increasingly probable, with capitulation risk elevated. Any shift in bias will depend on the quality of price reactions and volume behavior at that level.



Source link

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Crypto

Leave a reply

Your email address will not be published. Required fields are marked *