Aster price eyes reversal after double bottom at $1.04, can bulls take control?

The double bottom formation at $1.04 signifies a critical structural base for Aster, with two distinct rejections from the same support confirming buyer presence. The confluence of Fibonacci retracement, volume-based support, and historical demand reinforces this regions significance.

Price action is now approaching the point of control (POC). A daily candle close above the POC would confirm renewed strength in the market and open the probability for a rally toward $1.20, the next major resistance. This level represents a high-timeframe pivot, where a breakout could shift the broader market structure back into a bullish continuation.

At the microstructure level, the active double bottom suggests that momentum is slowly building for a potential upside rotation. However, for this pattern to materialize fully, consistent bullish volume influxes are required to confirm follow-through and negate any short-term weakness.

Asters current setup favors buyers as long as $1.04 remains defended. Holding above this key support will validate the double bottom pattern and increase the likelihood of continuation toward $1.20 and potentially beyond.

Failure to maintain this level would weaken the bullish narrative and could signal further consolidation. For now, however, the technicals favor a bullish recovery phase as long as the support structure remains intact and market volume continues to build.

What to expect in the coming price action

As Aster consolidates above $1.04, traders should monitor whether price can close decisively above the point of control and maintain momentum. A confirmed break could trigger a rally toward $1.20, aligning with the double bottom projection target.

Overall, the confluence of key technical supports and emerging bullish structure positions Aster for a potential reversal phase, but only if volume expansion confirms the breakout.