ASTER is entering a notable accumulation phase on Saturday, February 21, drawing attention from traders and investors alike.
According to the crypto analyst DrBullZeus, the token is currently holding strong around $0.68, a key support level that has absorbed recent market fluctuations.
DrBullZeus suggests that consistent stability here may indicate growing buying interest, setting the stage for potential bullish momentum.
Source: DrBullZeus X Post
If ASTER maintains this support, momentum could push the price toward the $0.80–$0.88 range. Traders are closely monitoring market activity, as a breakout from this consolidation could signal a new upward trend.
The token’s resilience at $0.68 reflects investor confidence, making $ASTER a critical watchlist candidate for short-term gains in the coming days.
Also Read: ASTER Head & Shoulders Pattern Near $0.70 Support Sparks Positive Outlook
ASTER Technicals Show Bullish Power Above Key EMAs
According to TradingView, as of Saturday, February 21, ASTER has been showing an uptrend since February 7th, when the price range fluctuated between $0.42 and $0.44. Breaking multiple EMAs such as 20, 50, 100, and 200 confirmed a strong buy signal.
Bollinger Bands indicate that the price range has been holding steady in the upper half of the bands since February 9th. EMAs are still in an uptrend, and a recent support test at a price range of $0.715 to $0.720 triggered
Source: TradingView
Between February 17th and 21st, ASTER was in consolidation between $0.715 and $0.735. The convergence of Bollinger Bands may indicate low volatility and an accumulation of breakout potential.
The short-term EMAs are becoming flat, implying indecision among traders, but long-term EMAs below $0.70 are still supporting the price. If it breaks through $0.735 significantly, it may spark an uptrend, but if it goes through $0.715, it may correct towards $0.685 to $0.682.
Momentum Indicators Point to Decreasing Bearish Strength
The RSI is currently standing at 54.80, with a 14-period moving average standing at 52.89. This indicates a mildly bullish trend. Since it is standing above the 50 mark, it is not overbought. It has also risen recently, as it dropped due to a dip, indicating a gradual rise of buyers.
Source: TradingView
The MACD indicates that the MACD line is at 0.00450, which is above the signal line at 0.00252, with a slightly positive histogram at 0.00198. This indicates that there is a bullish reversal.
Even though there is momentum, as evidenced by the decline in the last two trading sessions in mid-February, the small size of the histogram bars indicates that it is too early to tell if an uptrend is actually in place.
Also Read: ASTER Slips Below Key EMAs: Is $0.90 Still in Play?