Market Overview for Aster/Tether (ASTERUSDT)

Summary• Aster/Tether (ASTERUSDT) traded in a 24-hour range of 1.053–1.123, closing near 1.077.• Momentum fluctuated with RSI oscillations and a 20-period MA crossover.• Volume surged above $344k at the peak, but turnover diverged from price during pullbacks.• Bollinger Bands indicated high volatility, with price staying near the upper band at 1.123.

24-Hour Market Update

Aster/Tether (ASTERUSDT) opened at 1.062 on 2025-11-10 at 12:00 ET and reached a high of 1.123 before closing at 1.077 by 12:00 ET on 2025-11-11. Total volume over the 24-hour window was approximately 37.26 million, with a total turnover of around $40.25 million. Price action suggests a volatile session marked by bearish retracements and consolidation.

Structure & Formations

Price found initial support at 1.065–1.070 before bouncing in the afternoon and forming a bullish engulfing pattern at 1.066–1.075. However, a long bearish shadow followed at 1.093–1.077, signaling indecision. A key resistance level appears to form around 1.095–1.100, while 1.070–1.075 is a strong support zone.

Moving Averages

On the 15-minute chart, price closed below the 20-period MA at 1.079 and the 50-period MA at 1.081, indicating a bearish bias in the short term. On the daily timeframe, the 50-period MA at ~1.09 and the 200-period MA at ~1.082 suggest a neutral to slightly bearish trend.

MACD & RSI

MACD turned bearish in the final hours, with a negative histogram confirming bearish momentum. RSI oscillated between 54 and 62, staying in neutral territory, and reached a high of ~62 near the peak at 1.123, indicating potential overbought conditions.

Bollinger Bands

Price traded near the upper Bollinger Band at 1.123, then retracted sharply toward the lower band at 1.065, suggesting a high-volatility move. The 20-period standard deviation was elevated, confirming increased short-term uncertainty.

Volume & Turnover

Volume spiked at the peak with a $3.44 million turnover, yet price failed to hold above 1.100. A divergence between volume and price emerged during the retracement phase, with turnover declining despite continued bearish pressure. This may signal weakening conviction in the downward move.

Fibonacci Retracements

Applying Fibonacci to the 1.053–1.123 swing, 61.8% retracement aligns with 1.088, matching recent consolidation. The 38.2% level at 1.099 acts as a potential resistance. For the daily swing, 61.8% at 1.097 overlaps with key moving average levels, suggesting a possible turning point.

Backtest Hypothesis

The backtesting strategy focused on divergence signals over a 30-day window, using MACD and daily close prices. A single trade from 2022–2025 generated 11.2% over 14 days, with a high annualized return of ~142%. However, the strategy experienced a 25.6% peak-to-trough drawdown, suggesting volatility risks. No hard stop-loss or take-profit rules were used. Adding risk controls or testing on similar pairs could enhance robustness. This strategy aligns with the observed MACD bearish divergence and RSI neutrality, though more divergence signals may need confirmation for future trades.

Outlook and Risk Note

Looking ahead, ASTERUSDT may test the 1.070–1.075 support level, with a potential rebound toward 1.085–1.090 if buyers step in. A break below 1.070 could extend the correction to 1.063–1.065, where strong support exists. Traders should remain cautious for a potential reversal if volume fails to confirm any further downward leg.