After Aster price spike to its all-time high of $2.4 on the 24th of September it has been in a downtrend since then and it’s trading around $1.0, almost 60% down from that peak. The sharp fall might have caught many by surprise, yet things might be shifting.
A crypto analyst called Crypto King on X, has noticed a potential reversal forming right where support has held firm. The Aster token followed a clear pattern that many traders could recognize, a strong rally, a steep correction, and a long consolidation.
Once the price touched $2.4, selling pressure kicked in, pushing it down to the $1 region. The chart shared by Crypto King shows a steady decline under a sharp downtrend line stretching across most of October.
Every bounce met resistance, confirming that sellers controlled the market. Still, as the token approached $0.92, that downtrend began losing power. The candles started flattening out, and volume spikes hinted at buying interest returning. It’s often at this stage that market sentiment begins to shift.
Signs That ASTER Token Might Be Setting Up for a Breakout
Crypto King’s analysis points to a critical moment. On his chart, the price touched the lower support zone and started forming what he labeled as a “manipulation” phase, a fake breakdown before reversing upward. This kind of price action is common when markets shake out weak hands before a genuine move starts.
The next phase marked as “distribution” shows a potential retest of higher levels around $1.4 to $1.6. If Aster price manages to hold those gains, the setup could trigger a breakout through the downtrend line. The key target mentioned in the chart stands near $2.43, matching the earlier resistance level from September.
The $1 region acts as a psychological and technical base for Aster. Every time price tested that level, buyers stepped in. It’s a clear area where market participants see value returning. A decisive move above the downtrend line could flip that support into the start of a new bullish structure.
Crypto King’s idea of an “expansion” phase shows how momentum might accelerate once price clears resistance. If the pattern plays out, ASTER token could double from current levels to revisit the $2.4 area again. While nothing is guaranteed, the chart structure shows why this point in the cycle feels important.
Could ASTER Be Near Its Next Major Move?
Momentum shifts in crypto often happen quietly before anyone notices. The signs on ASTER chart steady support, fading sell pressure, and a clean structure all hint at a potential turning point. The move from $0.92 to above $1.2 could confirm that the downtrend has finally lost steam.
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Crypto King’s projection of a run toward $2.43 isn’t far-fetched if the pattern continues unfolding. The market just needs a breakout above the trend line to confirm the reversal. For now, patience might pay off as Aster sits at a key crossroads.
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