Recently, the price of ASTER coin has shown a downward trend, with a higher trade volumes drop occurring in the short term, and after reaching a low point near 1.50, it seems to have shown signs of a stop in the decline. Currently, the price of ASTER is hovering around 1.57, and market participants are closely following its subsequent trend.
From a technical perspective, the 1.50-1.52 range has become a key support level. If this range is broken, it could trigger further falls. The main resistance level above is concentrated in the 1.70-1.75 range, and whether it can break through this area will determine the strength and sustainability of the rebound.
For investors, it is wise to maintain a cautious attitude in the current market situation. It is recommended to adopt a wait-and-see approach and closely follow the price movements. If signs of stabilization and rebound appear, one might consider buying on dips in the range of 1.55-1.60, with a target price set around 1.70-1.75. However, investors should also set stop-loss levels, and it is advisable to establish the stop-loss point below 1.48 to control potential risks.
It is worth noting that the cryptocurrency market is highly volatile, and investors should fully assess risks before making any decisions, and reasonably allocate assets based on their own risk tolerance. Meanwhile, continuously following market trends and related news can also help make more informed investment decisions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, the price of ASTER coin has shown a downward trend, with a higher trade volumes drop occurring in the short term, and after reaching a low point near 1.50, it seems to have shown signs of a stop in the decline. Currently, the price of ASTER is hovering around 1.57, and market participants are closely following its subsequent trend.
From a technical perspective, the 1.50-1.52 range has become a key support level. If this range is broken, it could trigger further falls. The main resistance level above is concentrated in the 1.70-1.75 range, and whether it can break through this area will determine the strength and sustainability of the rebound.
For investors, it is wise to maintain a cautious attitude in the current market situation. It is recommended to adopt a wait-and-see approach and closely follow the price movements. If signs of stabilization and rebound appear, one might consider buying on dips in the range of 1.55-1.60, with a target price set around 1.70-1.75. However, investors should also set stop-loss levels, and it is advisable to establish the stop-loss point below 1.48 to control potential risks.
It is worth noting that the cryptocurrency market is highly volatile, and investors should fully assess risks before making any decisions, and reasonably allocate assets based on their own risk tolerance. Meanwhile, continuously following market trends and related news can also help make more informed investment decisions.