Date: Wed, Sept 24, 2025 | 08:44 AM GMT
The cryptocurrency market is experiencing heightened volatility with Bitcoin (BTC) and Ethereum (ETH) both sliding into weekly losses. Yet, amid the turbulence, Aster (ASTER) — the newly launched decentralized exchange (DEX) platform publicly backed by Binance co-founder Changpeng Zhao — continues to steal the spotlight.
Today, ASTER jumped more than 34%, hitting a fresh all-time high of $2.34. This rally not only highlights strong on-chain activity but also aligns with a developing harmonic pattern on its chart, hinting at potential further upside.
Harmonic Pattern Hints at Potential Bounce
On the 2H chart, ASTER is shaping a Bearish ABCD harmonic pattern. Despite its name, this structure usually includes a bullish surge in the CD leg before price tests the Potential Reversal Zone (PRZ).
The sequence began with a sharp move from Point A ($0.6083) to Point B, followed by a corrective dip to Point C ($1.2870). From that base, ASTER has pushed higher, now trading near $2.28, confirming that the CD leg is in progress.
If the pattern continues to unfold as projected, the CD leg could stretch toward the 1.91 Fibonacci extension of the BC leg, putting the PRZ around $2.6449 — about 16% above current levels.
What’s Next for ASTER?
If bullish momentum holds, ASTER could soon retest the $2.64 resistance zone, a level where short-term profit-taking might emerge and trigger a pullback.
That said, before reaching this target, traders should keep an eye on intraday supports, as the 2H timeframe often sees sharper swings and false breakouts. Sustained buying interest above $1.91 would strengthen the case for a push higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.