ASTER, one of the altcoins that has attracted attention in the cryptocurrency market recently, is on the agenda again with its comments focused on technical analysis. According to analyst Ardi, the token has entered the longest consolidation process in recent weeks. This horizontal squeeze, especially after the $0.90-1.00 band, may indicate that the market is gathering energy before the next big move. According to the latest data, ASTER is trading around $0.72 and exhibits a positive, albeit limited, performance on a daily basis.
According to Ardi’s assessment, the current structure is technically a classic example of consolidation. The price is still above the uptrend support, which shows that the general structure is not yet broken. The analyst emphasizes that such squeezes often signal the continuation of the trend, not the end of the trend. In particular, the fact that the price moves under the resistance in the $0.78-0.81 band keeps the expectation of a potential breakout in the market alive.
Liquidity Hunt Scenario is on the Table
According to Ardi, the most likely scenario is a “liquidity sweep” move rather than a direct breakout. In this pattern, the price can create a temporary rise by pinning slightly above the resistance levels. Such moves often trap investors who enter late, and the price then retreats back into the band. Thus, while weak hands are eliminated from the market, the groundwork is prepared for a stronger rise.
This view also coincides with the market behavior seen in many altcoins recently. For example, some DeFi tokens recently experienced similar liquidity traps, followed by strong recoveries. Analysts often remind that low-volume breakouts should be approached with caution.
The transaction volume on the ASTER side is also remarkable. The fact that the 24-hour volume exceeded 120 million dollars shows that there is serious interest in the market despite the squeeze period. This strengthens the expectations that a possible breakout could be harsh.
Critical Target: $0.81
The most talked about level from a technical perspective is the $0.80-0.81 band. Ardi states that the measured movement target of the rectangular formation points exactly to this region. In other words, the height of the current horizontal band reveals the potential distance that the price can reach after an upward break.
Another reason why this target is strong is that it coincides with horizontal resistance. There are both technical formation targets and past price reactions in the same region. Such “confluence” areas are considered high probability zones by technical analysts.
On the other hand, the risk scenario is also on the table. If local support is broken, it is possible for the price to retreat towards the previous breakout area. However, according to the analyst, this does not mean that the trend is completely broken. It can be interpreted more as a “reset” movement in which the market is looking for new demand.
The frequent occurrence of similar structures in the crypto market shows that ASTER is not alone. Many altcoins have been moving in a horizontal squeeze in recent weeks. This situation suggests that investors keep their risk appetite limited due to macro uncertainties. However, such periods generally occur just before volatility increases again.
