Aster price eyes reversal after double bottom at $1.04, can bulls take control?

Aster price establishes a double bottom at $1.04, a key high-timeframe support aligned with the value area low and 0.618 Fibonacci, signaling potential for a bullish reversal.

Aster (ASTER) price has established a significant technical structure as price forms a double bottom around the $1.04 high-timeframe support, a region of strong confluence that includes the value area low and the 0.618 Fibonacci retracement. This area has consistently attracted buyers, highlighting notable demand for Aster at current price levels after a prolonged corrective phase.

Aster price key technical points

• Major Support: $1.04 aligns with the value area low and 0.618 Fibonacci level.
• Double Bottom Formation: Confirms potential bullish reversal structure.
• Key Resistance: $1.20 remains the next high-timeframe target to reclaim.

The double bottom formation at $1.04 signifies a critical structural base for Aster, with two distinct rejections from the same support confirming buyer presence. The confluence of Fibonacci retracement, volume-based support, and historical demand reinforces this region’s significance.

Price action is now approaching the point of control (POC). A daily candle close above the POC would confirm renewed strength in the market and open the probability for a rally toward $1.20, the next major resistance. This level represents a high-timeframe pivot, where a breakout could shift the broader market structure back into a bullish continuation.

At the microstructure level, the active double bottom suggests that momentum is slowly building for a potential upside rotation. However, for this pattern to materialize fully, consistent bullish volume influxes are required to confirm follow-through and negate any short-term weakness.

Aster’s current setup favors buyers as long as $1.04 remains defended. Holding above this key support will validate the double bottom pattern and increase the likelihood of continuation toward $1.20 and potentially beyond.

Failure to maintain this level would weaken the bullish narrative and could signal further consolidation. For now, however, the technicals favor a bullish recovery phase as long as the support structure remains intact and market volume continues to build.

What to expect in the coming price action

As Aster consolidates above $1.04, traders should monitor whether price can close decisively above the point of control and maintain momentum. A confirmed break could trigger a rally toward $1.20, aligning with the double bottom projection target.

Overall, the confluence of key technical supports and emerging bullish structure positions Aster for a potential reversal phase, but only if volume expansion confirms the breakout.