• Aster slides 3.26% in 24 hours, extending its weekly loss to 9.83%.
• Coinbase to list ASTER today, boosting liquidity and exposure.
• Price hovers above the critical support at $1.1379, showing indecision.
• Technical indicators hint at a possible short-term bullish reversal.

Aster (ASTER) remains in a clear downward trajectory, reflecting ongoing selling activity. Over the last 24 hours, ASTER has declined by nearly 3.26%, while the weekly chart shows a 9.83% drop. At press time, the token is trading at $1.18, accompanied by a 24-hour trading volume of $478.73 million.

The trading volume has fallen sharply by 58.82% compared to the previous session, signaling reduced market participation. Meanwhile, its market capitalization stands at $2.37 billion, down 3.46%, underscoring a weakening investor sentiment.

Coinbase Listing Sparks Anticipation Among Traders

Coinbase’s official listing of ASTER marks a pivotal moment for the token’s market visibility. This development positions Aster for greater exposure, as Coinbase remains one of the most trusted and widely used cryptocurrency exchanges globally. The listing allows users in eligible regions to trade ASTER, potentially boosting liquidity and drawing fresh investor interest.

The move aligns with Coinbase’s ongoing expansion of its asset portfolio, catering to rising user demand for diverse trading options. Market analysts anticipate strong volatility in the initial hours of trading, as new liquidity floods in. Social media discussions have intensified around ASTER’s debut, reflecting a wave of enthusiasm and speculation about its immediate post-listing price action.

Chart Analysis Signals Mixed Market Sentiment

Crypto analyst @CryptoKaviYT noted that ASTER could offer a good entry point, with near-term targets at $1.50 and $1.80. There was an indication in the chart that the token has long remained in the downtrend, yet it recently crossed over a downtrending line, indicating that there is likely to be a short-term bounce. The token subsequently escalated the value literally by a few cents, before falling back and currently trading at $1.17, just above the crucial help level at $1.1379.

If this support holds, there can be a small comeback towards $1.1857 or even $1.25. However, resistance at $1.50 remains a heavy supply area, bound to limit gains unless heavy momentum appears. A fall below $1.1379 can strengthen the bearish case, pushing the prices towards $1.05 or even lower.

MACD and RSI Indicate Early Recovery Signs

On the 4-hour chart, there is a new bullish crossover in the MACD, as the histogram has gone positive at 0.01089. This means that buying momentum can start forming, although both the MACD and the signal lines are still at the bottom, below the zero line. The indication is that the healing is still early, and the traders shall look for confirmation in case the MACD line crosses over the zero line with increasing positive bars.

In the meantime, the RSI is at 43.05, having come up from the lower levels seen around the oversold area. It is also above its moving average at 38.19, indicating withdrawal selling pressure. However, the RSI is yet to cross the 50 neutral level, indicating that the bulls are yet to gain complete supremacy. A convincing breakout above 50 would seal increasing bulging strength and serve as the beginning of the emergence of a healthier bullish trend in the short term.

Also Read: ASTER Rebounds Strongly from Support, Traders Now Focus on $2.18 Price Goal