Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Aster (ASTER) Holds Key Support – Could This Pattern Trigger An Upside Breakout?

Aster (ASTER) Holds Key Support – Could This Pattern Trigger An Upside Breakout?

CoinsProbeCoinsProbe2025/10/01 20:24
By:Nilesh Hembade

Date: Wed, Oct 01, 2025 | 06:30 AM GMT

The cryptocurrency market is showing mixed signals today, with Bitcoin (BTC) trading in green while Ethereum (ETH) lags behind with a 1.40% drop. This uneven momentum has spilled over into the altcoin space, where several tokens are under pressure — and Aster (ASTER) has emerged as today’s top loser.

The ASTER token has plunged by over 15% in the last 24 hours. However, despite the sharp decline, the charts suggest that the token may be carving out a bullish reversal pattern that could shape its next significant move.

Aster (ASTER) Holds Key Support – Could This Pattern Trigger An Upside Breakout? image 0 Source: Coinmarketcap

Falling Wedge Pattern in Play

On the 2-hour chart, ASTER is currently forming a falling wedge — a technical setup that often signals weakening selling pressure and the potential start of an upside reversal.

The latest correction dragged the token down toward the wedge’s lower boundary near $1.50, which has acted as a strong support zone in recent sessions. At the time of writing, ASTER is trading at around $1.58, showing signs that bulls are once again defending this key area.

Aster (ASTER) Holds Key Support – Could This Pattern Trigger An Upside Breakout? image 1 Aster (ASTER) 2H Chart/Coinsprobe (Source: Tradingview)

The immediate obstacle for buyers is the 20-hour moving average, currently sitting near $1.74. A decisive close above this level could be the first sign of renewed strength, paving the way for a breakout attempt.

What’s Next for ASTER?

If ASTER continues to hold above wedge support and gathers upward momentum, the next logical step would be a rally toward the upper resistance trendline of the wedge. A confirmed breakout above this barrier — ideally supported by a retest — could open the door to further upside potential and possibly mark the start of a sustained bullish reversal.

On the other hand, if ASTER struggles to break higher and faces rejection near resistance, the token could once again revisit the lower support trendline before bulls attempt another push upward.

For now, ASTER appears to be at a critical turning point, with its wedge structure holding the key to whether the token breaks free from its downtrend or remains under pressure.

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!