Market Overview for Aster/Tether (ASTERUSDT) – October 8, 2025

• Price swung from 1.91 to 2.11 on volatile 15-min chart, closing near 2.05
• Strong bearish breakdown below 2.06, followed by bullish rebound toward 2.08
• RSI showed overbought and oversold extremes, confirming momentum shifts
• Volume surged during key breakouts and retrenchments, validating price moves
• Bollinger Bands reflected wide swings, narrowing during consolidation

Aster/Tether (ASTERUSDT) opened at 2.026 on October 7 at 12:00 ET and surged to a high of 2.11 before retreating to a 24-hour low of 1.91. The price closed at 2.04 at 12:00 ET on October 8. Total traded volume for the period was 49,169,223.05, with a notional turnover of approximately $98.29 million, reflecting robust market engagement.

Structure & Formations

The 15-minute chart displayed multiple key pivot points, including a bullish engulfing pattern forming near 2.04, and a bearish shooting star at 2.11, signaling possible exhaustion in the short-term rally. A bearish breakdown below 2.06 was confirmed with a large bearish candle, followed by a strong bullish bounce near 2.08. Key support levels appear to be forming at 2.01 and 1.98, while resistance is building at 2.08 and 2.11.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show the price is currently above both, indicating short-term bullish momentum. On the daily chart, the 50-period MA is at 2.06, slightly below the 200-period MA at 2.09, suggesting a potential long-term bearish bias. Price action is currently trading slightly below the 100-period MA, indicating caution for near-term buyers.

MACD & RSI

MACD lines showed a bearish crossover during the breakdown below 2.06 but later reversed to bullish as the price rebounded. RSI swung from oversold territory below 30 to overbought above 70, confirming the strong momentum swings. However, RSI divergence appears at the higher end, suggesting the rally could face resistance.

Bollinger Bands

Bollinger Bands displayed a wide range, particularly during the early session volatility, narrowing during the mid-day consolidation. Price spent significant time near the upper and lower bands, suggesting high volatility. Currently, ASTERUSDT is trading just below the upper band at 2.05, indicating a potential for a pullback toward the center.

Volume & Turnover

Volume surged during key price breaks, notably at 2.11 and 2.04, confirming the move’s legitimacy. Notional turnover also spiked during these periods, reinforcing the strength of the trend. A divergence appears in the late session when price tried to break above 2.08 but volume failed to confirm, suggesting a possible retest of key support before a new direction is formed.

Fibonacci Retracements

Fibonacci levels on the 15-minute swing from 1.91 to 2.11 show the current price near the 61.8% retracement at 2.05, a key level to watch for a potential continuation of the trend. Daily Fibonacci levels on the major move from 1.91 to 2.11 indicate the 50% retracement at 2.01, currently holding as a critical support.

Backtest Hypothesis

The backtesting strategy focuses on using Fibonacci retracement levels and RSI divergence to identify potential reversal points. Based on the 15-minute data, ASTERUSDT tested the 61.8% Fibonacci level at 2.05 with an RSI overbought signal. A potential short entry could be considered if price fails to break above this level, with a stop just above 2.10 and a target near 2.00. This setup aligns well with the observed price behavior and could be a viable strategy to test on historical data.