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Is $ASTER finally preparing for a major breakout?
I've been watching this consolidation at 0.726 for a while, and it's tightening. We recently reached a high of 0.767 but pulled back slightly. The 24-hour trading volume is healthy at 33.44 million USDT, indicating that there is still strong interest in this move.
Looking at the daily candles, we see a series of higher lows forming since the dip to 0.403 in early February. This is a strong bullish trend beginning to take shape. Resistance is clearly around the 0.770 to 0.790 zone. If we can turn that into support, things could get very exciting.
The order book is slightly tilted toward the bulls now, with a 53% demand side. It seems to be taking a breather before the next upward move.
Next move? I'm looking for a daily close above 0.770 to confirm the breakout. If we lose support at 0.650, I may reconsider my stance.