Aster rejected at $1.10 point of control — rally looks like a dead‑cat bounce
Aster (ASTER) failed to reclaim the $1.10 point-of-control (highest-volume node), drawing a sharp rejection that signals the recent rally lacked sustaining bullish volume. The article highlights: heavy resistance at $1.10, thinning bullish volume, and a likely downside continuation toward the high-time-frame support near $0.92. The setup matches a dead‑cat bounce pattern — a short-lived rise followed by resumed bearish trend — and is reinforced by a bearish order block below $1.10. On-chain allegations about a $35M transfer to Changpeng Zhao were debunked and did not drive the move; technical selling appears to dominate. Traders should watch for either a convincing surge in bullish volume to reclaim $1.10 or further weakness carrying price down to $0.92. Key SEO keywords: Aster, ASTER price, point of control, dead-cat bounce, resistance $1.10, support $0.92, bearish volume.
Bearish
The article documents a technical rejection at the $1.10 point-of-control — the highest-volume node in Aster’s range — combined with declining bullish volume and an established bearish market structure (lower highs and lower lows). These are classic indicators that an apparent rally lacked institutional or retail participation necessary for a sustainable breakout. The presence of a bearish order block under $1.10 and historical precedent of heavy sell-offs after rejecting the point-of-control increase the probability of downside continuation to the $0.92 support. The debunking of on-chain transfer rumors indicates the move is technical, not fundamental, which typically leads to continuation of the prevailing trend rather than sudden, news-driven reversals. Short-term impact: heightened selling pressure, potential quick drop toward $0.92, increased volatility and failed breakout traps that can trigger stop-loss cascades. Long-term impact: unless volume profile changes and buyers reclaim and hold above $1.10, the broader downtrend is likely to persist and reduce conviction among momentum traders and long-term holders. Similar past cases: altcoins that repeatedly fail at point-of-control or high-volume nodes (e.g., rejected rallies on tokens after speculative pumps) often retrace to prior structural supports before new accumulation emerges. Traders should watch volume spikes, order-flow around $1.10, and whether price holds $0.92 as signs to reassess bias.