Crypto Market Turbulence: Aster and Hyperliquid Face Significant Declines
- Aster Price Drop: On June 6, Aster's price fell nearly 7.7% to approximately $0.62, reflecting broader market weakness, although trading volumes remained strong, indicating ongoing interest from market participants.
- Hyperliquid Under Pressure: Hyperliquid faced scrutiny due to a $700 million token unlock, which increased its circulating supply, causing its price to drop approximately 12% from $75.51 on June 1 to around $59.35, raising concerns about its future performance.
- Market Dynamics Analysis: Binance founder Changpeng Zhao highlighted significant differences between Aster and Hyperliquid, emphasizing Hyperliquid's transparent trading structure versus Aster's privacy features, suggesting potential shifts in market leadership.
- Investor Focus: Despite challenges, Hyperliquid's treasury contains roughly $1.1 billion in latent token gains, with the market closely watching whether Aster can maintain the $0.60 support level and how Hyperliquid will perform amid increased supply.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ASTER
Technical Sentiment Analysis for Aster (ASTER). As of , Aster (ASTER) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ASTER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ASTER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aster (ASTER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.539 | 0.564 | 0.597 | 0.622 | 0.655 | 0.68 | 0.713 |
| Fibonacci | 0.564 | 0.586 | 0.6 | 0.622 | 0.644 | 0.658 | 0.68 |
About ASTER
About the author
