Aster (ASTER), one of the notable names of recent days in the cryptocurrency market, has started to rise again after a three-day series of declines. The token, which experienced a short-term sales pressure after its listing on the Kraken exchange, made its investors happy by gaining 12 percent in value in the last two days. This rise shows that investors see the recent decline as a temporary correction and confidence in Aster has increased again.
Critical Resistance Point: $1.3
Data in derivative markets also support this optimism. Aster’s funding rate is at 0.0123, meaning long investors have a strong belief in the price increase. In addition, open interest in futures transactions increased by 62 million dollars in the last 24 hours, reaching 483 million dollars. This shows that new capital has begun to enter the market and that the rise is not just a speculative movement.
According to analysts, the critical level that will determine the next direction of Aster will be $ 1.3. If the price rises above this level, the uptrend is expected to strengthen. However, if it is rejected, it is predicted that short-term investors may make profit sales. Despite this, Aster attracted attention again with its strong performance this week, despite its cautious start to the market.
Crypto analysts liken Aster’s current situation to Solana’s recovery in 2021. Similarly, last week the Avalanche 
$19.38 (AVAX) also increased by over 10 percent. This chart shows that investors are turning to the altcoin market again and risk appetite is increasing. Particularly the interest of large funds and individual investors in altcoins creates a positive market basis for new projects such as Aster.
Bullish Signals Across the Market
Bitcoin 
$111,672.87The fact that it remains above the $110,000 level supports the overall market sentiment. Ethereum 
$3,949.22Solana and XRP have also been showing signs of recovery in recent days. This could help Aster maintain its momentum. In addition, the increasing confidence of investors also increases the trading volumes for newly listed tokens.
Aster’s recent performance has signaled a revival in the market. Investors’ long-term optimism based on funding rates and open interest data may signal the beginning of a new mini bull period in the altcoin market. However, it is better to remain cautious as long as the $1.3 level is not exceeded.
