Market Structure Faces Increased Pressure
Aster is trading near $0.99 after a sharp decline that returned price to a key support block. Market structure has weakened as repeated rejections at a descending trendline reinforce a sequence of lower highs across recent sessions. This pattern maintains a bearish stance until buyers reclaim major resistance zones.
A detailed post from Ardi @ArdiNSC notes that price recently fell through the micro 61.8% retracement near $1.03. This level had served as a short-term pivot, and losing it pushed the asset into the red accumulation block that has held the chart together for much of the month. The move also arrived with another trendline rejection, suggesting persistent pressure on buyers.
The RSI has reached an oversold floor that has only appeared a few times this month. While this may allow a reaction, structural alignment remains weak. If the indicator breaks below this floor, the chart could enter a deeper corrective phase.
Critical Support Levels Define Near-Term Outlook
Ardi outlines a clear roadmap for price direction as Aster approaches a binary decision zone. Bulls must defend the $1.00–$1.03 area to form a temporary base. Failure to hold this range exposes the 78.6% retracement at $0.93–$0.94, viewed as the final high-timeframe barrier before wider downside risk expands.
Trading data shows a market cap of $2.36B and a circulating supply of 2.37B tokens. A large portion of the total supply remains unlocked, which continues to create uncertainty around future market absorption.
Volume increased by over 70% within 24 hours, indicating heavier activity around the key support region. The volume-to-market-cap ratio at 15% suggests active participation, though not enough to shift current structural weakness.
Resistance Levels Guide Path Toward Recovery
Market recovery requires a reclaim of $1.07–$1.08, which Ardi labels the first step toward invalidating recent breakdowns. Moving above this range would establish a foothold for testing the $1.11–$1.13 pocket, where the descending trendline and mid-range resistance converge.
The broader chart shows a larger pattern of compression following the October peak near $2.00. Since then, every rally has stalled before clearing previous highs. This behavior supports the prevailing bearish structure until price moves above major overhead resistance.
Sentiment commentary notes the potential for a December reaction if RSI support holds, though the chart still lacks confirmation of a sustained breakout pattern. Holding the $1.00 region remains the primary focus as traders monitor structural signals in the coming sessions.