ASTER continued to move sideways as analysts evaluated mixed momentum signals. The token is trading around its current levels but appeared to be losing some short-term momentum.
Analyst Cryptorphic highlighted that in an X post on Thursday, ASTER is currently losing ground as it slips below short-term support. He noted that ASTER had a great upward push but is now losing momentum.
He also emphasized that sellers are gradually taking control as ASTER trades around key moving averages. He identified ASTER’s next support zone to be around $0.63 to $0.60.
Source: X
ASTER Approaches Key Breakout Zone
Additionally, another analyst, GainMuse, revealed that ASTER is gearing up to have a major breakout. He emphasized the point by saying ASTER is showing a stronger upward trend in recent sessions. He identified ASTER’s immediate support zone to be around $0.65 to $0.66, with a possible target at $0.90.
Source: X
As of writing, ASTER is changing hands at $0.6986. The token has shown a 0.65% increase in the past 24 hours. Its market capitalization has gone up by 0.68% to $1.73 billion. The token has gained 19.43% over the past month, according to CoinMarketCap.
Source: CoinMarketCap
RSI and MACD Reflect Neutral Momentum
The Relative Strength Index (RSI 14) is at 55.62, while the signal line was 54.88. The RSI indicated that there was mild strength but that there were neither excessive buying nor selling pressures. The reading indicated that there is neutral momentum as the token held its position in the mid-range zone.
Also Read: ASTER Head & Shoulders Pattern Near $0.70 Support Sparks Positive Outlook
The Moving Average Convergence Divergence (MACD) shows that the MACD line is at 0.012, while the signal line sits at 0.009. The histogram is at 0.021. The small gap between the MACD and signal lines indicated that there was reduced momentum in the market, as there was a lack of acceleration in the trend.
Source: TradingView
EMAs and Bands Highlight Ongoing Consolidation
ASTER is trading below all major trend averages. The 20-day EMA stood at 0.670. The 50-day EMA is at 0.692. The price is trading below the 20-day EMA and 50-day EMA. These averages have now become resistance levels.
Long-term averages: The 100-day EMA reads at 0.798, while the 200-day EMA is at 0.826. The price is trading below the 100-day EMA and 200-day EMA. The gap between the price and the averages indicated that there was weakness in the price, as it is trading lower than the 100-day EMA and the 200-day EMA.
Source: TradingView
The Bollinger Bands (BB) show that the mid-band is at 0.634. The upper band stands at 0.798, while the lower band is at 0.469. The price is trading between the mid-band and the upper band, indicating moderate volatility and a steady consolidation phase.
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