Market Overview for Aster/Tether (ASTERUSDT): 24-Hour Summary as of 2025-10-23

• Aster/Tether (ASTERUSDT) closed 1.012 after a 24-hour range from 0.955 to 1.104, showing strong late-day buying.
• Momentum reversed sharply after hitting a low at 0.955, with volume surging during the 15:30–16:00 ET rally.
• RSI and MACD showed bearish divergence mid-day but were later overridden by a strong bullish crossover.
• Volatility expanded late morning, with price breaking out of a tight Bollinger Band range into a high-volatility channel.
• Fibonacci retracement levels at 0.98–1.02 and 1.05–1.09 appeared critical in triggering stop-loss and reversal activity.

Aster/Tether (ASTERUSDT) opened at 0.992 on 2025-10-22 at 12:00 ET and closed at 1.012 by 12:00 ET on 2025-10-23. The pair reached a high of 1.104 and a low of 0.955 over the 24-hour period. Total volume amounted to 139.3 million units, with a notional turnover of approximately $111.5 million. Price action was marked by a strong afternoon rally following a morning pullback and consolidation.

Structure & Formations

Price action revealed multiple bearish and bullish turning points, notably a bearish reversal pattern (Bearish Engulfing) at 1.096 and a bullish engulfing pattern at 0.955. These formations indicated strong resistance and support zones, particularly around 0.98–1.02 and 1.05–1.09. A key bearish divergence in RSI and MACD around 0.96–0.97 hinted at a potential reversal, but was later overwhelmed by a strong late-day rally.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed clear crossovers, with price breaking above the 50 MA in the early afternoon session. On the daily chart, price closed above the 200-period MA for the first time in several sessions, suggesting a potential shift from bearish to bullish momentum. The 50/200 MA crossover, while not confirmed yet, showed initial signs of alignment with the upward move.

MACD & RSI

The MACD crossed zero in the morning with bearish momentum, but turned bullish by the afternoon as price surged. RSI hit oversold territory below 30 at 0.955 before bouncing sharply, confirming the bullish reversal. Late-day divergence in the RSI suggested strong buying pressure despite some distribution activity in the 1.04–1.06 range.

Bollinger Bands

Volatility expanded significantly during the 15:30–16:00 ET period, with price breaking out of a narrow Bollinger Band contraction and surging above the upper band. The expansion indicated increased market participation, while the upper band acted as a dynamic resistance level during the early afternoon consolidation phase.

Volume & Turnover

Volume surged during the late morning and afternoon, with the largest notional turnover occurring at 1.095 and 1.066. Price and turnover aligned well during the rally, reinforcing the bullish momentum. However, a small divergence between price and volume during the 1.06–1.07 consolidation suggested possible profit-taking.

Fibonacci Retracements

Fibonacci levels at 0.98 (38.2%), 1.02 (61.8%), and 1.09 (127.2%) acted as pivotal support and resistance levels. The 1.06–1.07 zone represented a key 78.6% retracement of the earlier bear wave, and price stalled briefly before breaking higher. These levels coincided with major candlestick reversal patterns, enhancing their significance.

Backtest Hypothesis

The technical signals identified—particularly the bullish and bearish engulfing patterns—can serve as the foundation for a backtesting strategy. These candlestick patterns are often used in conjunction with volume and momentum indicators to validate potential trade entries. A backtest using historical “Bullish Engulfing” signals on a similar token would require verification of the correct ticker symbol (e.g., confirming that “BLSH.N” is valid) or alternatively, supplying manual event dates. Once validated, the strategy could be tested from 2022-01-01 to 2025-10-23 to assess its performance.