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Aster’s recent price action is drawing attention from technical traders as the asset consolidates within a bullish broadening wedge formation. After rebounding from a previous swing low, price has entered a compression phase near a key high-timeframe resistance level.
This consolidation is occurring around the point of control, a zone where the highest amount of trading volume has historically taken place. Such areas often act as a magnet for price before the next directional move develops.
If the bullish structure holds and resistance breaks, the setup could allow for a significant rally toward the $1.05 region.
ASTERUSDT (4H) Chart, Source: TradingView
Aster’s current structure shows price trading within a broadening wedge formation, a pattern often associated with increasing volatility and expanding price swings. Unlike contracting patterns, a broadening wedge features widening support and resistance boundaries, indicating that buyers and sellers are actively testing both sides of the range.
In this case, the structure is leaning bullish because price continues to hold above a key support region while gradually building pressure beneath resistance.
Within the structure, the point of control is a particularly important level. It represents the price zone with the highest traded volume in the current range and often functions as a fair-value area where buyers and sellers reach temporary equilibrium. Aster’s rotation around this level suggests the market is still consolidating and absorbing liquidity before a potential expansion in volatility.
The bullish case depends on whether price can break above the $0.79 high-timeframe resistance level. This area has historically acted as a barrier to further upside movement, making it a critical zone for confirmation. A clean breakout above $0.79 would indicate that buyers have regained control of market structure and that the consolidation has built enough momentum to push price higher.
The projected upside target of $1.05 is based on a measured move approach. The target is calculated by measuring the distance from the recent swing low that initiated the current bullish leg and projecting that move from the breakout point. Measured move projections are commonly used to estimate continuation targets once price escapes consolidation patterns.
As long as Aster continues consolidating above the point of control and maintains the bullish wedge structure, the probability of an upside breakout remains intact. A decisive move above $0.79, supported by strong volume, could trigger the measured move toward the $1.05 target.
If price fails to break resistance, the consolidation phase could persist before the next major directional move develops.
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