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Aster (ASTER) Bounces Off Key Support – Could This Pattern Trigger an Upside Breakout?

Aster (ASTER) Bounces Off Key Support – Could This Pattern Trigger an Upside Breakout?

CoinsProbeCoinsProbe2025/12/02 19:15
By:Nilesh Hembade

Date: Tue, Dec 02, 2025 | 04:11 AM GMT

The broader cryptocurrency market is continuing it’s volatility, with triggering more than $512 million in liquidations across major exchanges, including over $389 million from long positions in the past 24 hours. This turbulence has put significant pressure on major altcoins such as Aster (ASTER), which is trading in red today and down more than 15% over the past week.

However, with this steep correction, the chart is beginning to show a technical setup that could position ASTER for a potential breakout in the near term.

Aster (ASTER) Bounces Off Key Support – Could This Pattern Trigger an Upside Breakout? image 0 Source: Coinmarketcap

Falling Wedge in Play

On the 4H chart, ASTER is trading inside a Falling Wedge — a pattern typically known for marking trend reversal opportunities after extended periods of decline. Over the past several days, the token has continued to respect the wedge boundaries while gradually squeezing toward the apex.

After facing another rejection from the descending wedge resistance, ASTER slipped toward the lower boundary around the $0.885 support region. But this time, buyers stepped in firmly, preventing further downside and triggering a strong rebound from the trendline support.

Aster (ASTER) Bounces Off Key Support – Could This Pattern Trigger an Upside Breakout? image 1 Aster (ASTER) 4H Chart/Coinsprobe (Source: Tradingview)

At the moment, the token is trading near $0.978, just beneath the wedge resistance. The price action is tightening, suggesting that ASTER is preparing for a decisive move.

What’s Next for ASTER?

If buyers can push ASTER above the wedge resistance and reclaim the 100-day moving average at $1.054, it would signal the beginning of bullish momentum. A breakout of this pattern could open the way toward the next major target near $1.30, which aligns with the measured move projection of the wedge structure.

However, if the breakout fails and sellers regain control, ASTER could retest the lower support region around $0.94 before making another attempt.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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