Checked the moving average system: the price is hovering just around the 7-day moving average (1.000), but is being pressed down by the 25-day line (1.039) and the 99-day line (1.072). The recent sharp drop hit a low of 0.975, and now it looks like it is trying to catch its breath and stabilize.
Looking up, the range from 1.04 to 1.07 is stacked with two moving averages, which is a clear resistance zone. To really turn things around? It needs to cleanly and decisively stand above 1.08 or even push up to 1.12 to truly shake off the bear's entanglement. Looking down, 0.975 is the last tested bottom; if it can't hold, the next stop could be the area just above 0.90.
The trading volume is quite interesting—there was a clear increase during the selling phase, and although it has now decreased, the selling pressure is still slightly dominant. In other words, the trend is currently bearish, unless the buying pressure can strongly push the price back above the medium to long-term moving averages, otherwise this weak pattern is likely to continue for a while.
Short-term operations? Wait for signals, don't rush to bottom fish.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ASTERS is currently hovering around 1.002.
Checked the moving average system: the price is hovering just around the 7-day moving average (1.000), but is being pressed down by the 25-day line (1.039) and the 99-day line (1.072). The recent sharp drop hit a low of 0.975, and now it looks like it is trying to catch its breath and stabilize.
Looking up, the range from 1.04 to 1.07 is stacked with two moving averages, which is a clear resistance zone. To really turn things around? It needs to cleanly and decisively stand above 1.08 or even push up to 1.12 to truly shake off the bear's entanglement. Looking down, 0.975 is the last tested bottom; if it can't hold, the next stop could be the area just above 0.90.
The trading volume is quite interesting—there was a clear increase during the selling phase, and although it has now decreased, the selling pressure is still slightly dominant. In other words, the trend is currently bearish, unless the buying pressure can strongly push the price back above the medium to long-term moving averages, otherwise this weak pattern is likely to continue for a while.
Short-term operations? Wait for signals, don't rush to bottom fish.