Tag Archives: additionally

The post Inside Aster’s 3-day price swing Can bulls reclaim $1. 28? appeared com. Key Takeaways Why did Aster surge, then retrace? It surged 38% following CZ’s buy disclosure, and retraced all these gains as Bitcoin dropped below the $108k local support. Does the recent 21% rally mean the bulls are back in control? Not fully. The swing high at $1. 28 remains untested, which means that bears have the potential to force another sharp downward move. On the 2nd of November, Aster [ASTER] rallied 38% from $0. 928 to $1. 285. This move came after Changpeng Zhao, or CZ, co-founder and former CEO of Binance, tweeted a “full disclosure” that he bought Aster on that day. The sell-off on the 3rd and 4th of November saw all these gains completely wiped out, and the token even made new lows. It fell to a swing low of $0. 818, below the $0. 92 launchpad that catapulted the token above $1 on the back of CZ’s tweet. At the time of writing, ASTER was trading at $1. 06. Its move above the $1 psychological level was encouraging. Will this be the start of a sustained uptrend, or does the sentiment around Bitcoin [BTC] mean that this move is merely a bounce and a liquidity hunt? 92 supply zone came in the late hours of the 4th of November. The former supply zone was retested as the support level. Additionally, the bearish 1-hour structure was flipped bullishly when the local swing high at $0. 97 was breached. At the time of writing, it appeared that Aster was on the road to recovery. The MFI was moving above 50 to show bullish momentum and buying pressure behind the token. The OBV has also made higher lows and higher highs over the past 24 hours to signal steady buying pressure. Yet, the. Continue reading Inside Aster’s 3-day price swing – Can bulls reclaim $1.28?→