ASTER/USDT: Return to $2 – Reality or Fantasy?

The current situation with ASTER/USDT attracts attention with a sharp increase of 13% to $1.1066. However, the main question on the community’s mind is: is it possible to see the coveted $2? Let’s analyze the current data.

Arguments “For” (Why this could be reality):

1. Impulsive growth: A +13.08% increase over a short period is a strong bullish signal. The asset demonstrates that it has the energy to move upward.
2. Breakout of local high: The price has hit a 24-hour high, indicating buying pressure and no strong resistance levels nearby.
3. High volume: A 24-hour volume of 29.76M ASTER and a turnover of 30.44M USDT show significant activity. Large volumes often confirm the trend’s validity. The MA5 and MA10 volumes also indicate sustained interest.

Arguments “Against” (Why this could be a fantasy):

1. Weak indicators:
· MACD: Although the MACD histogram has turned positive (+0.0028), the MACD line itself is still deep in the negative zone, and the signal line (DEA) is at -0.1392. This suggests only a potential reversal, not a full bullish trend.
· RSI: RSI(6) at 50.8 — neutral. The more important RSI(12) is listed as “4” (likely a data error, but if true, it indicates a catastrophically low level). RSI(24) at 42.35 remains in the bearish zone. Indicators do NOT confirm strength for multiple growth.
· KDJ: K value (31.70) and D (27.42) are in the neutral zone, not indicating a strong overbought or oversold signal. This leaves room for movement in either direction.
2. Global resistance: To reach $2, the price needs to increase by more than 80% from current levels. Many historical resistance levels and a psychological mark will stand in the way, where many traders will want to take profits.
3. Lack of context: Data from the past months (from September to October) show that the price was in sideways movement or declining. The current rise may be just a correction within a broader downtrend.

Verdict:

At the moment, a return to $2 looks more like a distant fantasy than near-term reality.

The current growth is a positive and important signal that could mark the start of a recovery. However, for the move toward $2 , the following are necessary:

1. Holding above $1.10–$1.20 and turning this level into support.
2. Confirmation from indicators: MACD should confidently turn positive, and RSI should break above 60, indicating the formation of a bullish trend.
3. Consistently high volumes at each stage of growth.

Conclusion: Keep an eye on whether ASTER can sustain its current gains. The key task is to hold the $1.10 level. If successful, cautious optimism toward $1.30–$1.50 is possible. But discussions about $2 are premature without serious fundamental reasons and technical confirmation on higher timeframes.

Always conduct your own analysis (DYOR) and manage your risks.