Market Overview: Aster/Tether (ASTERUSDT) 24-Hour Summary

• Price dipped to 1.052 before rebounding to 1.138 amid high volatility.
• Volume surged to 7.88 million at peak but has since declined.
• Overbought RSI and a bullish MACD suggest potential pullback or consolidation.
• Bollinger Bands show recent price action squeezed near the lower band.
• Fibonacci retracements highlight 1.092–1.101 as possible support/resistance zones.

Aster/Tether (ASTERUSDT) opened at 1.093 at 12:00 ET – 1 and touched a high of 1.168 while hitting a low of 1.052 before closing at 1.08 at 12:00 ET. Total 24-hour volume was 142,791,143.15 and turnover stood at $154,882,442.37. The asset has shown signs of volatility amid mixed momentum indicators and key price levels in focus.

Structure & Formations

Price movement displayed a bullish engulfing pattern following the 1.052 low, which preceded a sharp rebound. A key resistance zone formed around 1.138–1.141, where price consolidated briefly. A bearish doji appeared at 01:15 ET, signaling indecision, followed by a strong rally. A second bearish candle at 05:15 ET hinted at renewed selling pressure. Key support levels appear at 1.072–1.082 and 1.052–1.055.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early hours of 11/06, confirming a bullish bias. The daily MA 50/100/200 lines were in a bullish alignment for much of the 24-hour period, though the 200-day MA appears to act as a key psychological support near 1.044. Price has largely remained above all three, indicating a longer-term bullish trend.

MACD & RSI

MACD turned bullish after 04:00 ET and remained in the positive territory for most of the session, signaling rising momentum. However, the RSI showed overbought conditions multiple times, peaking near 72, suggesting a potential pullback. A divergence between the RSI and price appeared after 05:00 ET, hinting at weakening bullish momentum. Traders should monitor for a bearish crossover in the coming hours.

Bollinger Bands

Bollinger Bands constricted near 1.052–1.055 at 03:45 ET, indicating a period of low volatility before a sharp breakout. Price traded near the upper band from 03:30–05:30 ET, reflecting strong bullish momentum. After 05:30 ET, the bands expanded again as volatility increased, and price fell into the lower half of the bands, suggesting a period of consolidation or a potential reversal.

Volume & Turnover

Volume peaked at 7.88 million during the early morning hours, coinciding with a price high of 1.138. Despite a pullback in price, turnover remained elevated, suggesting strong conviction on both sides of the market. Volume has since declined, but the high notional value of the trades—particularly during the 03:00–04:30 ET window—suggests continued interest from larger participants.

Fibonacci Retracements

Fibonacci retracement levels drawn from the 1.052 low to the 1.138 high show key resistance at 1.101 (38.2%) and 1.092 (61.8%). These levels appear to have acted as price pivots multiple times, especially during the 05:00–06:00 ET period. On the daily chart, a 1.076–1.128 move shows 1.096 as a potential area of support/resistance to watch.

Backtest Hypothesis

The backtest strategy aims to evaluate a trading approach based on the MACD crossover and RSI divergence. Using the 20/50 MACD and 50/100/200 SMAs on the 15-minute chart, the strategy would enter a long position when the MACD crosses above the signal line and RSI moves below 30, while exiting when the MACD crosses below and RSI exceeds 70. Given the recent divergence between RSI and price, combined with the MACD staying in bullish territory, this could signal an overbought condition and a potential reversal—offering a possible exit or shorting opportunity. If tested from 2022–2025, the strategy may need further refinement to account for false signals during periods of high volatility, such as those seen on 11/06.