Aster price action continues to compress within a defined descending wedge as market participants track tightening volatility and weakening mid-range momentum. The structure has formed after weeks of lower highs and lower lows.
Aster holds the 61.8% retrace at $1.05 while trading inside a narrowing descending wedge. Intraday action shows heavy sell pressure as rallies fail to reclaim the $1.12 level. A daily close above $1.20 is required for buyers to regain trend control.
Market Structure Tightens Near Key Support
Aster’s recent behavior aligns with a phase of controlled compression, according to commentary from trader Ardi. The market rejected the $1.20 distribution zone for the second time, reinforcing seller control across the mid-range. The loss of the long-term trendline earlier in the month remains a weight on market confidence.
Price is now respecting the descending wedge boundaries, with Aster holding between $1.10-$1.05. This band marks the most important structure on the chart because it coincides with the 61.8% Fibonacci retrace near $1.05. The current trend remains orderly as long as this support level holds.
Ardi noted that the previous bounce failed to reclaim the 38.2% retrace near $1.18, pointing to unresolved supply above. Until price clears $1.18–$1.20, buyers face a technical barrier that restricts upward momentum and maintains distribution pressure.
Momentum Indicators Approach Crucial Levels
Aster’s RSI sits directly on long-term support, a region that caught several major dips during the recent trend. Even the sharp drop on October 10 did not push RSI into this zone. The indicator’s position now marks a decisive moment for trend stability.
The wedge structure appears constructive in a statistical sense. Bulkowski’s historical research suggests descending wedges break upward more often than downward. The reaction highs between $1.26-$1.41 align with typical upside retracement targets after a successful break.
However, this constructive tilt depends on the defense of $1.05. The lower wedge boundary converges with this support, making it the final layer before trend deterioration. A move below that level would expose Aster to deeper retracement zones.
Intraday Pressure Builds as Buyers React, Not Lead
The latest 24-hour chart shows consistent intraday sell pressure. Price declined from $1.15 toward $1.09 in a sequence of sharp moves lower, followed by weaker rebounds. This rhythm reflects active distribution rather than capitulation.
Attempts to reclaim $1.11–$1.12 failed repeatedly, with each bounce forming a lower peak. This behavior indicates thin bid liquidity and suggests buyers are responding passively rather than driving recovery attempts. Current price fluctuates near $1.09, close to immediate support.
Higher trading volume adds context. With volume rising more than 100%, the market appears to be rotating positions while maintaining a downward tilt. A break below $1.08 could open lower liquidity pockets, while a reclaim of $1.12 is needed to shift short-term structure.