The post Breakout Could Propel Price Above $1.26 appeared on BitcoinEthereumNews.com. Key Insights: Aster forms a descending wedge pattern after rejecting $1.20 resistance for the second time. $34.1M whale long at $1.19 shows strong commitment despite current price trading below entry. RSI holds long-term support while traders watch $1.05–$1.10 zone for breakout or breakdown. Aster Forms Descending Wedge: Breakout Could Propel Price Above $1.26 Aster (ASTER) is trading in a tight range after falling from its recent high of nearly $1.20. The asset has now formed a descending wedge pattern, a structure that often leads to bullish reversals when supported by strong volume and price stability. The live price of ASTER is $1.09, down 5.33% in the last 24 hours. The trading volume for the same period stands at $585 million. Market participants are closely watching the $1.05–$1.10 support zone, which could play a key role in determining the price direction. Descending Wedge Develops as Key Resistance Levels Hold Aster recently rejected the $1.20 zone for the second time. This zone has acted as a ceiling in past trading sessions. According to analyst Ardi, since losing its long-term trendline, the price has recorded lower highs and lower lows. These moves have now created a descending wedge pattern on the chart. Price action has been compressing with reduced volatility as the support at the 61.8% Fibonacci retracement level ($1.05) has been holding. This is considered as a healthy pullback level in technical setups unless it fails. A breakdown below $1.05 could expose Aster to deeper price tests near $1.00. Descending Wedge Pattern | Source: X During the latest bounce, Aster failed to recover above the 38.2% Fibonacci level at around $1.18. Sellers appear to be defending this range, keeping the asset within the current wedge. The $1.18 to $1.20 region remains a strong resistance that bulls need to clear for any continued… The post Breakout Could Propel Price Above $1.26 appeared on BitcoinEthereumNews.com. Key Insights: Aster forms a descending wedge pattern after rejecting $1.20 resistance for the second time. $34.1M whale long at $1.19 shows strong commitment despite current price trading below entry. RSI holds long-term support while traders watch $1.05–$1.10 zone for breakout or breakdown. Aster Forms Descending Wedge: Breakout Could Propel Price Above $1.26 Aster (ASTER) is trading in a tight range after falling from its recent high of nearly $1.20. The asset has now formed a descending wedge pattern, a structure that often leads to bullish reversals when supported by strong volume and price stability. The live price of ASTER is $1.09, down 5.33% in the last 24 hours. The trading volume for the same period stands at $585 million. Market participants are closely watching the $1.05–$1.10 support zone, which could play a key role in determining the price direction. Descending Wedge Develops as Key Resistance Levels Hold Aster recently rejected the $1.20 zone for the second time. This zone has acted as a ceiling in past trading sessions. According to analyst Ardi, since losing its long-term trendline, the price has recorded lower highs and lower lows. These moves have now created a descending wedge pattern on the chart. Price action has been compressing with reduced volatility as the support at the 61.8% Fibonacci retracement level ($1.05) has been holding. This is considered as a healthy pullback level in technical setups unless it fails. A breakdown below $1.05 could expose Aster to deeper price tests near $1.00. Descending Wedge Pattern | Source: X During the latest bounce, Aster failed to recover above the 38.2% Fibonacci level at around $1.18. Sellers appear to be defending this range, keeping the asset within the current wedge. The $1.18 to $1.20 region remains a strong resistance that bulls need to clear for any continued…