• Aster (ASTER) shows strong momentum, trading above key support and forming a bullish wedge pattern.
• Analysts highlight a major Fibonacci support zone where “smart money” is accumulating positions for potential gains.
• Community sentiment stays strongly positive, with 73% of voters expecting a bullish breakout soon.

Aster (ASTER) is making headlines positively, with analysts highlighting its prospects for a breakout shortly. Analysts point out that this cryptocurrency is at a strong point of support, which usually represents a serious buyers’ zone for investors. It appears that a boost may result in a major upward trend for this altcoin shortly.

At press time, ASTER is trading at $1.07, recording a 11.21% gain in the last 24 hours. Its 24-hour trading volume stands at $1.55 billion, with a market capitalization of $2.20 billion, reflecting growing investor attention.

Aster Poised For Upside Breakout Soon

A well-known crypto analyst, Captain Faibik, explained that a breakout for a price increase may soon occur for Aster, given that it appears on track for an upside breakout for a technical increase in price since it has formed a wedge pattern.

Aster Near Key Fibonacci Support Level

On the other hand, another popular crypto analyst, Carl Moon, has identified a discount level at which ASTER’s price was at that time, which he described as a point where ‘smart money’ was eager to buy.

He highlighted that at this stage, this asset was being held firmly at a point close to its 0.786 Fibonacci level, which was a key level for it on a weekly chart, meaning it was just a starting point for it to reach its next level. It was expected that at first, it might reach its pegged VWAP.

With confidence increasing among analysts, as visible from the increasing interest in purchase, it appears that Aster may be gearing up for a likely breakout phase that may witness more interest in the days to come.

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Community Shows Strong Bullish Outlook

It seems that a strong bullish sentiment from a confident community prevails, as 73% of voters cast their ballots for being optimistic about the coin. This development indicates that market confidence for a price increase for the coin in the near term has been improving.

On the flip side, 27% of analysts maintain a bearish stance, which means a smaller number may forecast possible corrections or pull-backs for the coin. Overall, market sentiment remains strongly positive.

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