ASTER Price Prediction: After a 50% pullback from the higher point, it stabilizes, with a bullish pattern target of 2 dollars.

After encountering a series of unfavourable information catalysts, the price of ASTER has fallen more than 50% from recent highs, currently trading around $1.5. This sell-off was technically triggered by a double top pattern and was exacerbated by multiple negative news such as Aster being delisted by DeFiLlama, $12 million worth of tokens being transferred to CEX, and the delay of the second phase airdrop. On a macro level, the risk aversion sentiment brought about by the Sino-US tariff tensions has also added fuel to the fire. Looking ahead to the short term, whether ASTER can recover the resistance level neck line at $1.50 will be key in determining whether it can initiate a recovery or continue to dip into the $1.00 to $0.70 range.

Technical Pattern: Double Top Collapse and Loss of $1.50 Neckline

(Source: TradingView)

The price of ASTER has fallen approximately 52% from its recent peak of $2.30, technically following a bearish double top pattern.

· Neckline breakout: The neckline support level of the double top pattern (around $1.50) was decisively broken on October 10, triggering a dumping wave, and the price once fell to $1.10.

· New support and resistance: Buyers are bottoming out around $1.10, and the ASTER price subsequently established a new support base around $1.15, attempting to rebound to $1.46.

· Key reversal point: The previously broken $1.50 neckline has now turned into a local resistance level. If the bulls can push the price higher and close above $1.60, it may indicate a potential trend reversal or a short-term recovery bounce, with targets possibly looking towards $1.75 or even $2.00. However, if there is resistance at this level, it may prompt the price to further correct to $1.00 or even $0.70.

Analysis of Causes for Big Dump: Multiple Unfavourable Information Stacking

The sharp fall in the price of ASTER is the result of a systematic technical correction combined with project-specific negative catalysts.

· DeFiLlama delisting: The initial selling pressure came from the delisting of Aster trading data by DeFiLlama. The analysis platform found that its trading volume had an unusually close correlation with Binance, raising questions about the authenticity of its reported liquidity.

· Huge Token Transfer: Immediately following, over 6.1 million ASTER Tokens (approximately 12 million USD) were transferred to Binance, and this transaction is believed to be related to Galaxy Digital, further intensifying the market's dumping pressure, pushing ASTER towards the $1.50 neckline.

· Airdrop latency: On October 10th, Aster announced the postponement of the second phase airdrop originally scheduled for October 14th to October 20th, due to data inconsistency issues with the allocation verification tool. The airdrop delay injects more uncertainty into an already fragile market.

· Macroeconomic shock: Combined with the broader risk-averse sentiment triggered by U.S. President Donald Trump's announcement of a 100% tariff on Chinese imports, this has contributed to the deep correction of AST.

Conclusion

The recent big dump of over 50% for ASTER is the result of a collapse in technical patterns, doubts about project transparency, and macro market impacts. Although the price has stabilized around $1.15 and is attempting to rebound, whether it can successfully reclaim the lost ground at $1.50 will not only test the hope for a technical bull market but also the market's confidence in the project's future development. In the context where uncertainties such as airdrop latency have not been fully eliminated, investors should closely monitor the breakthrough at $1.60 or the loss of support at $1.15.

This article is news information and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.