Aster (ASTER) has extended its losing streak, falling 14% in the past 24 hours to trade below the key $1 mark. The altcoin has struggled to recover amid persistent market weakness and growing investor skepticism.
The loss of this psychological support reinforces the ongoing downtrend that has dominated Aster’s price action for nearly two weeks.
Aster Holders Are Selling
The Chaikin Money Flow (CMF) indicator continues to show a steady decline, signaling increasing outflows from Aster investors. This trend reflects growing uncertainty and a shift toward risk aversion as market participants withdraw funds to secure profits or limit potential losses. The weakening inflows highlight a lack of buying confidence in the asset.
Many holders remain cautious about Aster’s short-term prospects, unsure whether the altcoin can rebound. The resulting outflows have intensified the selling pressure, driving prices lower and undermining recovery efforts.
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ASTER CMF. Source: TradingView
From a technical standpoint, Aster’s broader momentum appears increasingly bearish. The Relative Strength Index (RSI) has slipped below the neutral 50.0 mark, suggesting weakening market demand and rising selling activity.
This decline indicates that sellers are regaining control, reinforcing the ongoing downtrend in Aster’s market performance.
A bearish RSI typically signals the start of a more extended correction phase, especially when combined with declining inflows and weak volume support. This could exacerbate price pressure, making it harder for Aster to establish a stable recovery base in the near term.
ASTER RSI. Source: TradingView
ASTER Price Downtrend Dominates
Aster’s price is currently trading at $0.995, maintaining a clear downtrend that has persisted for roughly two weeks. The continued inability to break above resistance levels highlights the growing dominance of sellers and fading buyer interest across key trading zones.
In the past 24 hours, Aster fell below the $1.000 threshold following a 14% drop triggered by its failure to breach the descending trendline. If this decline extends, the token could fall to the $0.883 support level, where further losses may occur if sentiment fails to improve.
ASTER Price Analysis. Source: TradingView
However, if buyers reenter the market and investor confidence returns, Aster could rebound from the $1.000 support zone. A successful bounce could allow the cryptocurrency to test resistance at $1.174, potentially breaking the prevailing downtrend.
