ASTERUSDT Market Overview – 2025-10-10

• Price fell 14.4% from 1.678 to 1.554 amid sustained bearish pressure and oversold RSI levels.
• Volatility surged as Bollinger Bands widened, with a sharp retracement from a key 1.503 support.
• On-balance volume and price aligned in late-session rebound, but momentum remains fragile.
• Doji and bullish engulfing patterns hint at potential short-term reversal near 1.55–1.57.
• Fibonacci 61.8% level at 1.59 appears key for near-term directional bias.

Aster/Tether (ASTERUSDT) opened at 1.678 on 2025-10-09 12:00 ET and traded as high as 1.727 before declining sharply to a 24-hour low of 1.503. The 24-hour session closed at 1.551 at 12:00 ET. Total volume was 88.2 million, and notional turnover reached 146.5 million USD.

Structure & Formations

The 24-hour chart shows a bearish breakdown from the 1.68–1.70 resistance zone. A long bearish candle on the daily chart confirmed the shift in sentiment. Key support levels identified include 1.55–1.57 and 1.503. A bullish engulfing pattern at 1.55–1.57 suggests possible short-term reversal. Several doji appear near 1.55–1.60, indicating indecision.

Moving Averages

The price has closed below the 50-period and 20-period moving averages on the 15-minute chart, signaling bearish momentum. On the daily chart, the 50-period MA at 1.62 remains a significant hurdle for a potential rebound. The 200-period MA sits near 1.63–1.65, offering medium-term resistance.

MACD & RSI

The RSI reached an oversold level of 27, suggesting potential near-term bounce. MACD turned positive in the final 15 minutes, but the signal remains weak. A bearish crossover on the daily chart reinforces the downtrend.

Bollinger Bands

Volatility increased sharply, expanding the Bollinger Bands from 1.503 to 1.68. The price closed near the lower band, indicating bearish exhaustion. A retest of the 1.55–1.57 zone could see the price rebound within the band range.

Volume & Turnover

Volume surged during the 1.503 support test, confirming bearish pressure. Turnover spiked during this move and again in the final hours, suggesting a possible short-covering or small reversal. Price and turnover were aligned during the decline but diverged slightly in the last 30 minutes, hinting at uncertainty.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at 1.59 appears critical for a potential bounce. A 38.2% retracement at 1.56 is also key. On the 15-minute chart, a retest of the 1.59 level could trigger a short-term reversal.

Backtest Hypothesis

The backtest strategy aims to identify potential reversal setups using a combination of RSI divergence and bullish candlestick patterns near key Fibonacci levels. For example, a bullish engulfing pattern forming near the 38.2% Fibonacci level with RSI divergence could serve as a strong buy signal. If such a pattern occurs on the 15-minute chart with confirmation via volume and MACD, it could be a viable entry point for a short-term long trade. This strategy would be most effective in a range-bound environment where price respects key support and resistance levels, as observed in the 1.55–1.59 range.