Aster Soars as ‘Double Harvest’ Generates Buzz

Aster Soars as ‘Double Harvest’ Generates Buzz – Can It Reach $1.35 Next?

In the past couple of weeks, Aster [ASTER] has shown impressive resilience, particularly in defending the $1 mark, which has been a significant psychological threshold. With increasing trading volume and the launch of the Stage 4 (Harvest) Airdrop program, there are strong indications that Aster could reach $1.35 soon. The ongoing “Double Harvest” trading competition is also enticing traders with the potential for rewards.

Key Takeaways

Aster has successfully defended the $1 level, which has been crucial over the last ten days.
A rally to $1.35 seems probable, with potential targets stretching towards $1.5-$1.55 after some consolidation at around $1.4.
On November 17th, Aster recorded a gain of 3.58%, coupled with a 76.85% increase in daily trading volume.
The launch of the Stage 4 (Harvest) Airdrop has contributed to price stabilization at the $1 support level.
The "Double Harvest" trading competition, lasting until December 21st, incentivizes trading on the platform with rewards, maintaining a bullish technical outlook.
A cup and handle chart pattern is forming, and there's potential for a parabolic move if market conditions remain favorable.

Aster eyes $1.35 as ‘Double Harvest’ ignites bullish interest

Aster Bulls Combat Volatility to Build November Uptrend

Aster 1-day Chart Source: ASTER/USDT on TradingView

At the beginning of November, Aster reached a new daily high, breaking its previous swing high and confirming a shift towards a bullish structure. After a significant drop to $0.818, the market remained stable without flipping bearish. Notably, consistent gains accompanied by an increasing On-Balance Volume (OBV) indicated ongoing purchasing interest. Currently, Aster is testing the local high near $1.285, suggesting further upward movement could be possible.

Aster 4-hour Chart Source: ASTER/USDT on TradingView

The 4-hour chart reveals that the $1.18 level served as critical resistance in November. Recently, this level was breached and transformed into support, signifying positive momentum for buyers.

Liquidity Cluster Above Current Price

Aster Liquidation Heatmap Source: CoinGlass

The Liquidation Heatmap indicates that a strong liquidity cluster exists between $1.31 and $1.35, making it highly probable that Aster will test these price levels. Although a dip to $1.17 appears unlikely, it could present a buying opportunity for traders. Should Aster surpass $1.35, the next bullish targets will be set at $1.5-$1.55.

Disclaimer: The information provided here is for informational purposes only and should not be construed as financial, investment, or trading advice. This reflects the author’s personal opinion.