Aster Price Drops Amid Increasing Chart Weakness and Selling Pressure

Aster's Price Decline: Aster's price has dropped to around $1.17, reflecting a significant downward trend driven by increased selling pressure and a lack of buyer support following its Coinbase listing.

Market Sentiment and Volume: The market shows a shift in sentiment with a 61% increase in trading volume during the decline, indicating active selling rather than passive market movements.

Chart Weakness and Distribution Phase: The chart displays early signs of weakness, with a distribution phase evident after the initial excitement from the Coinbase listing, leading to a failure to sustain higher price levels.

Potential Support Levels: Current trading is closely monitored around the $1.15–$1.16 region, with projections suggesting further downside potential toward historical support levels near $0.20.