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Aster Price Bottoms Out with Bulls Sighting $2.50-$3 as Bullish Momentum Builds

Highlights:

  • Aster price bounces from the $1.30 lows to $1.92 as bulls target $2 and beyond. 
  • Aster Pro has introduced a new feature that enables users to either long or short $HYPE with up to 300x leverage.
  • Bullish key indicators signal further upside in the Aster price, potentially reaching $2.50-$3 in the coming weeks. 

The Aster price just bounced from $1.76 to $1.95, marking a 27% surge in the past 24 hours. The decentralized exchange space is turning into something truly special, and Aster is at its center. Instead of using another cryptocurrency exchange and relying on a single program for trading, Aster has collected over $55 million in products and traded over $11 billion in under 24 hours. This significant increase in trading has demonstrated that the Aster coin is growing and gaining popularity every day.

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The platform’s tremendous growth has surprised both investors and traders worldwide. As more people use Aster, the program’s extensive capabilities have given it so much strength. Changpeng Zhao, Binance’s CEO, is among those who feel the market has chosen Aster as one of its top leaders. Binance’s continuous help proves that Aster’s skyrocketing is reasonable.

On the other hand, Aster Pro has introduced a new feature that enables users to either long or short $HYPE with up to 300x leverage. This latest offering has been launched in response to community feedback and trades to bring more flexibility. Aster via X announced the news, jokingly saying how it has ‘leveraged’ Binance CEO, CZ. With this new launch, Aster adds another feather to its cap, creating waves and generating interest in the crypto space.

Aster Price Outlook: Bulls Target $2 and Beyond

The Aster price is showing a strong rebound from the $1.30 lows to $1.92, showing growing bullish momentum. Moreover, the rounding bottom pattern is in place, showing potential upside in the Aster price soon. Additionally, the key support zone at $1.54 tilts the odds in favor of the bulls, giving them momentum for further upside. 

Aster price
ASTER/USD 1-hour chart: TradingView

A quick look at the Relative Strength Index of Aster’s current activity is 67.51. Aster’s status shows intense buying activity, as it approaches overbought conditions. Meanwhile, if the RSI crosses the 70+ level, traders should be cautious, as a healthy pullback may emerge, allowing the bulls to sweep through the liquidity. The MACD indicator reveals a buy signal, suggesting that the Aster price will eventually rise.

What’s Next for ASTER?

While the rounding bottom channels are bullish breakout patterns, when the price faces rejection at the resistance trendline, the downside can be brutal. For instance, if the Aster price gets rejected at the neckline around $1.93-$1.94, we could see a dip back to $1.76 or lower. Volume’s been steady, but a spike could seal the deal for a breakout. 

Looking ahead, the Aster price is likely to break above $2 on a short-term surge to $2.50-$3.00 within the next week. Moreover, it has the potential to reach $4 by early November if this momentum holds. However, if the Aster price maintains this momentum and the community remains hyped, we might see $10 in the long term. However, stay alert, as a dip could occur if the resistance rejects the price. 

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