Emre Yumlu 
One of the projects that has recently attracted attention in the cryptocurrency markets is Aster (ASTER), which has gained significant momentum in terms of trading volume and TVL (Total Value Locked). The notable increase in 24-hour trading volume indicates rising confidence in the project, while the jump in TVL reveals the ecosystem’s growth potential.
What is TVL?
The TVL value is considered one of the most important indicators of confidence in a DeFi protocol. A low TVL shows that investors remain cautious, while Aster’s current chart indicates that investor confidence is quite strong.
ASTER Technical Analysis
Looking at Aster’s current technical analysis, it is observed that the price has been rejected from the Fibonacci zone. This situation signals that a short-term downward pullback may occur. In particular, the area tested by the price coincides with the fib 0.5 level and has also acted as a significant resistance point in past movements.
This intersection presents a strategic opportunity for investors. Gradual purchases in this region are considered a reasonable choice.
Team Performance and Future Expectations
The Aster team demonstrates a highly consistent performance in development and growth. The rapid upward trend has also attracted the attention of the community. If this pace is maintained, the project seems to have a strong possibility of reaching higher levels in the upcoming period.
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This content does not constitute investment advice.
Also, click here to read our exchange guide article titled What is Aster DEX? How to Use It?
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