#ASTER Auster under pressure - Is this a decline or a continuation of the decline?

The price of the Australian dollar is currently trading at around 1.081, down 8.16% over the past 24 hours. The highest price during the day was 1.220 and the lowest price was 1.039, showing a wave of sharp fluctuations as traders reacted to the decline in momentum and profit-taking from recent highs.

The sharp decline came after a strong rise earlier in the week, with trading volume remaining above 140 million Aster, indicating that buyers are active but cautiously. The correction appears to be technical, as the price failed to maintain a level above the 1.20 area, where heavy sell orders emerged.
Main Levels:
Support: 1.04 - 1.06
Resistance: 1.12 - 1.22
Trend: Currently bearish to neutral, as lower highs are forming on the short-term chart, and the price is struggling to regain the 1.10 level.

Trading Idea:
If the price of ASTER maintains at 1.06, we may see a rebound towards the 1.12-1.15 area with increased risk monitoring.

If the price drops below the level of 1.04, expect a sharp selling wave towards the area of 0.98-1.00 with further momentum decline.

👉 Potential trading: Sell when the price drops below 1.04 or buy only if the price maintains 1.06 with confirmation of trading volume recovery#ERC-8004IgnitesMachineEconomy $ASTER