Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Aster (ASTER) Dips To Test Key Support – Could This Pattern Trigger a Bounce Back?

Aster (ASTER) Dips To Test Key Support – Could This Pattern Trigger a Bounce Back?

CoinsProbeCoinsProbe2025/10/09 10:39
By:Nilesh Hembade

Date: Thu, Oct 09, 2025 | 04:10 AM GMT

The cryptocurrency market is experiencing a moment of calm after an impressive rally that recently sent Bitcoin (BTC) to a new all-time high of $126,000 before correcting to around $122,000. Meanwhile, Ethereum (ETH) is trading flat near $4,450, reflecting mixed sentiment across the broader market.

Among the altcoins showing some volatility today is Aster (ASTER), which has declined by 4%. Yet, beyond the short-term dip, But what’s catching attention is not just the decline itself — it’s the fact that the token is now testing a crucial technical level inside a key chart pattern.

Aster (ASTER) Dips To Test Key Support – Could This Pattern Trigger a Bounce Back? image 0 Source: Coinmarketcap

Symmetrical Triangle in Play

On the 4-hour chart, ASTER has been consolidating within a symmetrical triangle pattern — a formation that often signals a period of indecision before a strong breakout in either direction.

The latest correction has pulled ASTER back toward the triangle’s lower boundary near $1.7690, where buyers seem to be stepping in to defend the structure. At the time of writing, ASTER is trading around $1.84, sitting just above the support trendline and slightly below the 50-hour moving average (MA) at $1.9189, which has acted as a key barrier for the bulls.

Aster (ASTER) Dips To Test Key Support – Could This Pattern Trigger a Bounce Back? image 1 Aster (ASTER) 4H Chart/Coinsprobe (Source: Tradingview)

Reclaiming this MA could be the first signal of renewed momentum, potentially setting the stage for a stronger rebound.

What’s Next for ASTER?

If ASTER successfully holds the ascending support trendline and closes above the 50-hour MA, it could spark renewed momentum toward the triangle’s descending resistance line. A breakout above that level may open the door for a bullish move toward $2.88, which aligns with the measured move target from the pattern’s height.

However, a decisive break below the support trendline would signal a bearish breakdown, potentially pushing the price toward lower supports and delaying any bullish recovery in the short term.

For now, ASTER appears to be at a critical turning point — a level where patient traders are waiting for confirmation of either a bounce or breakdown before the next major move unfolds.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost