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Aster Price Spikes 11% Amid Binance and Bitget Listing as Bulls Eye $2.38 Soon

Highlights:

  • Aster price shows strong bullish strength, reclaiming the $2 mark. 
  • The token has rallied 11% to $2.17 following its listings on Binance and Bitget.
  • The technical outlook indicates a potential rally to $2.38, as bulls sight $3 in the mid-term.

The Aster price has been trading nicely with massive hype, as it kicks off the week with a rebound above $2. At press time, the ASTER token is showing immense bullish strength, rallying 11% to $2.16, as its daily trading volume spikes 44%. The surge comes after Aster (ASTR), a growing digital asset, has been recently listed on Binance and Bitget. 

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Binance, the world’s largest Cryptocurrency exchange, has listed Aster with a “Seed Tag” label. This indicates the token as an early-stage asset with high potential, enabling traders to achieve significant profits in the future. 

Likewise, Bitget, a long-standing crypto exchange platform, has listed Aster on its exchange to strengthen its standing. The trading pair ASTER/USDT is listed on Bitget. Users can now trade and deposit the asset, as trading will commence on October 6 at 11:00 a.m. UTC. The Aster community is expected to benefit from the listings that are likely to drive demand, potentially leading to a rally to $3.

The listing of Aster by these two major exchanges increases its visibility and establishes it as a serious asset in the complex world of DeFi.

Aster Price Outlook: Is a Rally to $3 Soon?

The ASTER/USDT chart shows the crypto trading at $2.17, up a slight 11% today. Candlestick action shows a recent dip, with a low of $1.87, but it has bounced back, reclaiming the $2 level. Currently, the zone between $2.00 and $2.22 is where bulls and bears are engaged in a battle.

The resistance levels will test Aster’s gains, but if the Aster price can break past the $2.22 mark, the price could skyrocket to higher highs. Moreover, the immediate support zone around $1.8679 gives the bulls wings to aim for higher levels. 

Aster price
ASTER/USD 4-hour chart: TradingView

Zooming out, the Relative Strength Index (RSI) at 61.09 is showing intense buying pressure. Moreover, the RSI is facing upwards, showing that the bulls still have room to run before the token is overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish as the MACD line is above the signal line (orange). 

A Break above $2.22 Could Trigger a Rally

The rising channel pattern, from which the price suggests buyers are streaming in, even as the trading volume remains notably strong. If the Aster price holds above $2.22 resistance, there could be a push toward $2.38 again. However, a drop below $2.00 support zone might signal a retreat to the 50-day SMA for support.

The Aster price still has room to move. The 14% weekly surge shows retail FOMO, but the positive technicals and listings could further trigger more upside. In the short term, traders could aim for $2.38 if the breakout holds; however, in the mid-term, $3.00 could be in play if this trend persists. 

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