ASTER Gains Momentum — Is the $2 Mark Within Reach?

Jakarta, Pintu News – Last week’s market meltdown wiped out more than $20 billion in leveraged positions, making it the largest single-day liquidation ever.

Amidst the chaos, the price of Aster (ASTER) fell sharply, sparking fears of a potential drop below the psychological $1 level. But as of October 13, the altcoin is showing a strong recovery. Now trading at $1.56 – up more than 24.19% – ASTER is gathering momentum and slowly targeting the $2 level.

Will ASTER be able to maintain its momentum? Let’s see more.

Aster Bounces Back from Low Point, Bullish Signals Emerge

On the 2-hour chart (13/10), ASTER is starting to show bullish tendencies. The Relative Strength Index (RSI) indicator has broken the neutral line of 50, which psychologically signals the start of buying pressure from the market.

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Currently, the RSI is at 59.8 – reflecting the continued strong buying momentum. As it has not yet reached the overbought zone, this signals that ASTER’s price still has the potential to continue rising.

On the other hand, the Money Flow Index (MFI) also increased to 69.36, following the price movement and indicating new capital flows into ASTER.

The RSI and MFI combined give a strong indication that the uptrend could continue, showing that traders are starting to regain confidence after last week’s massive sell-off.

On-chain data also reinforces this positive outlook. Aster’s Total Value Locked (TVL) now stands at $2.16 billion, up 0.47% from $2.15 billion previously.

While the increase is small, it is indicative of liquidity flowing back into the protocol – an early sign of recovery and growing confidence in Aster’s fundamentals.

If this bullish momentum continues to persist, ASTER prices have the potential to break the resistance zone at $1.57 and pave the way towards the $2 level.

ASTER Price Outlook: Still Bullish

The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart (13/10) adds to the optimistic sentiment towards ASTER’s movement.

The 12 EMA line has crossed the 26 EMA from bottom to top, forming a bullish crossover – signaling the beginning of an uptrend. The continuously lengthening green histogram bars also confirm the increasing buying pressure in the market.

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The Bull Bear Power (BBP) indicator also supports this view, with the current position at 0.16. A positive number above zero indicates that buyers are beginning to dominate the market. This is the first sign of an uptrend, and ASTER seems to be moving in time.

Fibonacci retracement levels provide additional insight into the next potential price direction. Currently, ASTER is hovering around the Fib 0.382 level at $1.59 – indicating promising initial strength.

If the price manages to break this range cleanly, the next target is likely to be the Fib 0.618 level at $1.70, which is the key point before ASTER has a chance to test the important $2 level.

However, if selling pressure returns, ASTER’s price could correct down to the Fib 0.236 level of $1.25. In a very bearish scenario, ASTER’s market value could potentially drop even further to $0.97 – which would invalidate the recovery setup that is currently forming.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. ASTER Breaks Free From Market Crash: $2 Price Target in Sight. Accessed on October 14, 2025