Aster surges as ‘Double Harvest’ momentum intensifies — Is $1.35 within reach?
Aster (ASTER) has been gaining bullish traction, with technical indicators and price action aligning to suggest a breakout toward $1.35 may be imminent. After defending the psychologically significant $1 level for over a week, ASTER has cemented a short-term uptrend that could fuel extended gains in the coming days.
The recent launch of the Stage 4 “Harvest” Airdrop campaign has provided a strong catalyst for this upward move, helping to stabilize prices and encourage renewed buying interest. Alongside this, the ongoing “Double Harvest” trading contest — set to run until December 21 — has further amplified trading activity, incentivizing participants to engage with the platform and accumulate ASTER rewards.
On November 17, ASTER posted a daily gain of 3.58%, accompanied by a staggering 76.85% increase in trading volume. Such a spike in volume often signals growing investor confidence and can precede significant price movement. At the time of writing, ASTER was challenging the $1.285 resistance level, with momentum building for a potential breakout.
A key technical development is the formation of a classic “cup and handle” pattern on the charts. Although not yet fully formed, this bullish structure suggests a possible parabolic rally once the price clears the handle’s resistance. If confirmed, this could propel ASTER well beyond the $1.35 threshold, with further targets in the $1.5–$1.55 zone.
The short-term structure turned decisively bullish at the beginning of November after ASTER broke its prior swing high, marking a significant shift in market dynamics. Even after retracing sharply to $0.818, the overall trend remained intact, with no bearish reversal confirmed. Since then, a steady climb in price has been accompanied by a rising On-Balance Volume (OBV), indicating consistent purchasing pressure from market participants.
Examining the 4-hour timeframe, ASTER recently overcame a major resistance zone around $1.18, which had previously capped upward momentum throughout November. This level has now been flipped into support — a key technical signal that suggests buyers are stepping in at higher levels and that the rally may be sustainable.
Data from the liquidation heatmap reveals a concentration of liquidation levels between $1.31 and $1.35. This cluster acts as a magnet for price action, increasing the likelihood of a short-term move into this zone. Such areas often attract aggressive buying and short-covering, further accelerating upward movement.
However, traders should also be prepared for potential pullbacks. A retracement toward the newly established support at $1.17, while less likely in the immediate term, could provide a favorable entry point for those looking to join the rally. Beyond the $1.35 level, ASTER faces its next resistance band between $1.5 and $1.55, which could act as a profit-taking zone or consolidation range.
From a broader perspective, long-term charts suggest that price levels between $1.7 and $2 are within reach if current bullish momentum continues and macro market sentiment stabilizes. The coin’s resilience in the face of volatility, particularly in a market climate marked by fear and uncertainty, underscores bullish conviction and growing community support.
Additional factors could influence ASTER’s trajectory over the next several weeks:
1. Market Sentiment: Despite ASTER’s positive trend, the overall crypto market remains cautious. A shift in global risk appetite or macroeconomic news could impact momentum across digital assets, including ASTER.
2. Platform Adoption: Continued user engagement with the ASTER ecosystem, particularly through events like the “Double Harvest” campaign, could sustain upward pressure by increasing both utility and demand.
3. Technical Consolidation: If ASTER stalls near $1.35, a period of sideways consolidation could ensue. Such phases often precede strong directional moves and may offer strategic accumulation zones for long-term investors.
4. Volume Confirmation: Sustained volume growth will be crucial for validating any breakout. If trading activity remains elevated, it will confirm market participation and reduce the risk of a false breakout.
5. Potential Risks: While the chart setup is favorable, traders must remain alert to sudden reversals. Overbought conditions, unexpected news, or whale activity could disrupt the current trend.
6. Historical Resistance Zones: ASTER may face stronger resistance as it approaches historical highs. Monitoring reactions at these levels will be critical to gauge the strength of the ongoing trend.
7. Investor Behavior: Retail and institutional interest, especially during a promotional campaign, may influence price volatility. Watching address activity and large transactions can provide insights into market sentiment shifts.
8. Partnership Announcements: Any news regarding strategic collaborations or ecosystem expansion could serve as a fresh catalyst for price appreciation.
In summary, ASTER is well-positioned to test the $1.35 level in the near term, supported by technical strength, increasing volume, and community-driven initiatives. While short-term dips are possible, the broader outlook remains optimistic, with $1.5 and beyond as realistic milestones if momentum persists. Traders should remain vigilant, use proper risk management, and watch key levels for confirmation before entering or exiting positions.