Aster (ASTER) is moving in a neutral to bullish direction as BTC has started upward momentum amid changing conditions in the crypto market. The token price has surged by 1.11% over the last 24 hours and 4.07% over the last week.

According to CoinMarketCap, the token is trading at $0.7122, with a trading volume of $102.94 million, up by 9.76% over the last 24 hours. Furthermore, its market capitalization stands at $1.76 billion, which has slightly surged by 1.1%.

Source: CoinMarketCap

Also Read: ASTER Bollinger Band Squeeze Could Trigger Sharp Move Above $0.81

ASTER Eyes $0.76 After 32-Session Consolidation

ASTER has entered an extended consolidation phase, trading within a narrow range for nearly 32 sessions. According to the crypto analyst DrBullZeus, this sideways movement suggests the market is pausing to build strength. 

DrBullZeus notes that long consolidations often act as accumulation zones, where traders position themselves quietly. If bullish momentum resumes, the price could aim for the $0.76 resistance level as the next target.

Source: DrBullZeus’ X Post

The volatility has reduced as the market remains cautious. Previous momentum is a source of optimism because it indicates support levels. 

There is a wait for a breakout to resume buying activity. It is likely to move upwards towards $0.76, but if it does not, it may fall to the support levels.

ASTER Technicals Point to a Consolidation Phase

According to TradingView, the ASTER chart also presents a clear trend change from a high volatility stage to a neutral consolidation stage. 

After the upward correction from the lows of $0.46 in February, the price levels off throughout March. Now, the candlesticks are consolidating near the 20-day, 50-day, and 100-day EMAs near the $0.71 level.

Source: TradingView

The technical indicators show the narrowing squeeze with the Bollinger Bands tightening considerably. This is an indication of a drop in volatility before the impending breakout. 

The token has an immediate resistance at the 200-day EMA at $0.79. The token is supported at the lower band of $0.68. A sharp increase in volume is expected to break away from the current range.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ASTER Could Surge Above $0.81 After Strong Whale Accumulation