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Analysis

ASTER Breaks 5-Month Slump, Targets $0.6846 After Retest

3 mins mins

Key Insights:

  • ASTER confirms breakout above wedge pattern after retesting $0.59 support with growing trading volume.
  • Open interest climbs back to $350M, matching price recovery from February lows and signaling momentum.
  • Traders are watching $0.6846 as the next resistance, with $1.22 projected if breakout holds.
ASTER Breaks 5-Month Slump, Targets $0.6846 After Retest
ASTER Breaks 5-Month Slump, Targets $0.6846 After Retest

ASTER has broken out of a 5-month downtrend, with price moving above the descending trendline after a clean retest of the $0.59 level. The structure shows a shift in market direction, supported by rising volume.

At the time of writing, ASTER is trading near $0.6391. The move followed a bounce from $0.59, which is now acting as support. CoinCompass noted,

 “$ASTER is going for a run towards our first target. $0.6846. With a perfect retest on the $0.59 level.” 

That target matches a previous resistance zone on the chart.

Falling Wedge Pattern Breakout Seen on Daily Chart

A falling wedge pattern, formed over several months, has also broken to the upside. This was observed on the daily timeframe, where price moved above the upper trendline, followed by a quick retest. The pattern suggests a change in direction after a long period of lower highs and lower lows.

Technical analyst Captain Faibik shared a projected move of 130%, aiming for $1.22. “Expecting +130% Bullish Rally in the Coming days,” he wrote. The price has held above the wedge breakout zone so far, keeping the setup intact.

Source: Captain Faibik/X
Source: Captain Faibik/X

Open Interest Rises with Price Recovery

Data from Coinglass shows open interest fell from over $500 million in early December to below $250 million in early February. During this time, ASTER’s price also dropped from around $0.90 to $0.45. Both metrics reached a low around February 6.

Since then, open interest has climbed back to about $350 million. Price has recovered above $0.60, showing renewed activity in the market. This change points to traders opening new positions as momentum builds.

Source: Coinglass
Source: Coinglass

Volume Builds as Traders Watch $0.6846

ASTER’s 24-hour trading volume stands at over $305 million. The token is up 5.5% in the last 24 hours and 7.9% over the past week. Volume has increased alongside price, suggesting more market participants are entering.

The $0.6846 level remains the next key point to watch. A close above this zone could clear the way for a move toward $1.22, based on current technical setups.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Avatar of Olivia Stephanie

Olivia Stephanie

10 February 2026, 10:51:52 GMT +0000

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