ASTER Breakout Confirmed, But Price Flashes Warning

The ASTER price has increased over 8% today, confirming a breakout from a bearish falling wedge pattern, which is typically bullish. However, several warning signs suggest the rally may not continue immediately. The Relative Strength Index (RSI) shows a hidden bearish divergence, indicating that rising buying pressure is not translating into price strength. Similarly, the Money Flow Index (MFI) shows weakening dip buying, suggesting insufficient underlying strength to confirm a sustained rally. The primary risk stems from heavily leveraged long positions on Binance, where long liquidations ($25.86 million) vastly outweigh short liquidations ($6.06 million); a modest dip could trigger forced selling and accelerate a price drop. For the breakout to be confirmed as a genuine trend change, ASTER needs a daily close above $1.28. If a pullback occurs, the critical defense level is $1.09; losing this could lead to a drop toward $0.99, where significant long liquidations are clustered. A close above $1.28 would invalidate the warnings and target $1.59.

(Source：BeInCrypto)