ASTER Fails to Hold $0.66 Rebound, Bears Regain Control

Aster (ASTER) is encountering significant resistance as it struggles to maintain key support levels amid recent market volatility. The token is experiencing strong resistance while forming a falling wedge pattern, indicating a possible trend reversal. 

As of February 1, 2026, ASTER is currently trading at $0.5543, with a 24-hour trading volume of $651.70 million and a market cap of $1.43 billion, dominating 0.05% of the total cryptocurrency market.

Over the last 24 hours, ASTER has fallen by 7.78%, indicating high volatility as the token tries to hold key support levels.

Brief $0.66 Rebound Fails to Hold

Crypo​‍​‌‍​‍‌ TXG recently highlighted that ASTER initially found a support level at $0.57, and thus the price of the token rose to the resistance level of $0.66.

However, the price could not sustain the rally, and eventually, it was pushed down, showing that sellers are currently in control. Currently, ASTER is once again testing the $0.57 support, and a confirmed break of this level could lead to further short ​‍​‌‍​‍‌​‍​‌‍​‍-term drop.

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Market Analysis and Technical Overview

ASTER is currently forming a falling wedge on the daily chart, which is a common signal for a possible reversal in the trend.

The falling wedge has experienced multiple clean touches on both the upper and lower trend lines, confirming the formation of the wedge. The price is currently approaching the resistance level of the wedge, which could lead to a strong rally if a breakout occurs.

Recent market trends indicate that higher lows are being established near the lower boundary of the wedge, indicating that selling pressure is weakening.

Additionally, volume has decreased within the wedge, a common signal of a sharp increase in volatility. Limited resistance exists above the breakout zone, potentially allowing ASTER to reach previous high-volume areas if buying momentum strengthens.

Conversely, a failure to break the wedge could push ASTER back toward recent support levels. A confirmed drop below $0.57 may trigger additional short-term declines, reinforcing the need for cautious trading in this volatile environment.

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