ASTER has been interesting on the 4-hour chart recently. It seems to be consolidating there, but in reality, there are underlying currents.
What does the technical analysis say? The triangle convergence pattern is already quite obvious — resistance at 0.838 above, support at 0.65 below. Although the MACD is still below the zero line, if you look closely, the fast and slow lines are already close together, and the green histogram is shrinking, which is a sign that the bulls are quietly gathering strength. Meanwhile, the trading volume has been decreasing, which often indicates a potential reversal.
The longer the consolidation lasts, the greater the potential movement once it starts — of course, the direction could be either upward or downward.
The key point to watch is this: as long as the price does not break below the 0.7 support line, it indicates that there are funds secretly supporting the price. Once the volume breaks through 0.72, it’s likely to quickly push towards the resistance zone at 0.838, and possibly even reach around 0.9. What you need to do now is wait for this signal to appear and avoid rushing in prematurely.
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gas_fee_trauma
· 12h ago
Well... I've heard about the triangular convergence set many times, but in the end, it's just another dull trick.
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OnChainDetective
· 12h ago
ngl the volume profile on this one's been sus... wallet clustering data i've been tracking suggests some big holders accumulating at 0.65-0.7, but tbh could easily be a bear trap setup. seen this pattern before, almost always ends messier than the charts predict.
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NFTRegretDiary
· 12h ago
I've been consolidating for so long that I'm about to go crazy. Just waiting for that moment of a breakout with volume.
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MetaMaskVictim
· 12h ago
I've been bored with this sideways movement for so long, just waiting for that moment of breakout.
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MetaMisfit
· 12h ago
After such a long sideways movement, it's either a rally or a dump. Which one do you bet on?
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SudoRm-RfWallet/
· 12h ago
Wait, is this triangle convergence about to break? I feel like ASTER could surprise us at any moment.
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SnapshotBot
· 12h ago
It's been consolidating for so long, there has to be some surprises, or how can we make money?
ASTER has been interesting on the 4-hour chart recently. It seems to be consolidating there, but in reality, there are underlying currents.
What does the technical analysis say? The triangle convergence pattern is already quite obvious — resistance at 0.838 above, support at 0.65 below. Although the MACD is still below the zero line, if you look closely, the fast and slow lines are already close together, and the green histogram is shrinking, which is a sign that the bulls are quietly gathering strength. Meanwhile, the trading volume has been decreasing, which often indicates a potential reversal.
The longer the consolidation lasts, the greater the potential movement once it starts — of course, the direction could be either upward or downward.
The key point to watch is this: as long as the price does not break below the 0.7 support line, it indicates that there are funds secretly supporting the price. Once the volume breaks through 0.72, it’s likely to quickly push towards the resistance zone at 0.838, and possibly even reach around 0.9. What you need to do now is wait for this signal to appear and avoid rushing in prematurely.