• ASTER gains 17.22% in 24 hours after bouncing off strong support.
• Weekly performance remains weak, with a 24.83% decline.
• Trading volume surges 40.18%, signaling renewed buying activity.
• Key resistance sits near $1.74, with potential upside if volume strengthens.

ASTER is on a strong upward trajectory following a notable recovery in market activity. Over the last 24 hours, the token surged by nearly 17.22%, marking a sharp rebound from earlier losses. Despite the daily rise, ASTER remains down 24.83% over the past week, reflecting the volatility that has defined its recent trading sessions.

At the time of writing, ASTER is trading at $1.54 with a 24-hour trading volume of $1.89 billion, representing a 40.18% increase from the previous session. Its market capitalization stands at $3.07 billion, up by 39.31%, highlighting renewed investor interest. The surge in both price and trading activity suggests that market participants are positioning for a potential breakout after a consolidation phase.

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Aster Technical Setup Points to Key Resistance Near $1.74

From a technical standpoint, ASTER has rebounded strongly from a crucial support level near $1.25 and is now testing the $1.50 resistance zone. This level, previously a support region, now acts as a key barrier to further upside movement. A sustained breakout above $1.50, supported by strong trading volume and bullish candles, could trigger the next upward leg.

The next resistance levels are clearly visible on the chart. The first sits around $1.74, followed by $1.99, and a final strong zone near $2.18–$2.20. Given the current momentum, a move toward the $1.70–$1.75 range appears to be the most realistic short-term target. Breaking through that level will necessitate steady volume and buying strength. Releasing targets that go over $2.00 right now could be a bit early unless the price action can establish a breakout over $1.75.

Currently, the traders are monitoring the $1.74 level as a pivotal point. Successful retest and close above this level may usher the way towards higher regions, whereas rejection can cause consolidation or small corrections.

Market Participation Rises as Sentiment Balances

The open interest has increased by 12.91% to reach the total of $614.90 million. The development implies that the market attracts additional players, forecasting higher liquidity along with keener interest in the current price actions of ASTER. Such a surge in open interest in the context of a price rally usually precipitates stronger belief among the bullish traders.

On the other hand, the OI-weighted funding rate is 0.0070%, showing a slightly bullish yet naturally positioned market tone. Sharp negative drops during price slides were seen earlier as a bearish indication, but the current consolidation is indicative of better long-short equilibrium among traders.

Also Read: Aster Eyes $2.50 Target as Ascending Triangle Hints at Breakout Momentum