Yigit Taha OZTURK 
As the cryptocurrency market continues to grow each day, Aster Coin has recently experienced a significant surge. Binance founder CZ’s statement that he bought and is holding Aster, along with the project’s buyback announcement, has given Aster Coin’s price a major boost.
In this article, we’ll take an in-depth look at Aster Coin’s price movements, analyze the 4-hour chart, and discuss its potential targets. We’ll also examine possible negative scenarios and highlight key points investors should pay attention to.
What’s the Latest on Aster Coin?
Recently, Aster Coin has drawn considerable attention, especially following posts by Binance founder CZ. His comment, “I’m buying and holding Aster,” caught the eyes of investors and triggered a notable price increase. Meanwhile, the buyback news also appears to have supported Aster Coin’s upward momentum.
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On the 4-hour chart, Aster Coin broke its descending trend and rose up to $1.25. At this point, the $1.25 resistance level was tested, but a rejection from that level caused the price to briefly fall back below the trendline. However, trading volume remains high, and if this volume continues, the descending trend could be broken again.
Potential Upside Targets
If Aster Coin maintains its high volume levels, it’s possible that the price could retest $1.25 in the near future. Should the $1.25 resistance be broken, the next potential target would be $1.51. Reaching this level would indicate that Aster Coin has gained strong bullish momentum.
Negative Scenario & Downside Risks
Alongside the positive outlook, there’s also a bearish scenario to consider. If Aster Coin remains below the current trendline, a correction down to $0.80 could occur. In this case, investors should exercise caution and closely monitor market developments.
Strategy for Aster Coin Investors
Aster Coin has drawn significant attention with both its buyback program and CZ’s public endorsement. During this process, technical indicators and volume data suggest possible trend breakouts and target levels.
Investors should:
- Watch the $1.25 and $1.51 resistance levels,
- And consider a potential correction toward $0.80 if the coin remains below the current trend.
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