Can Aster price rise again in October?

Aster (ASTER) is poised for a potential 35% rebound in October, having established a strong support area at $1.60–$1.80 after a 25% correction to $1.80. Analyst Michaël van de Poppe anticipates that a breakout above $2 could lead ASTER to new record highs. The technical analysis indicates a bullish outlook, supported by a falling wedge pattern that often results in trend reversals. However, ASTER's future is contingent upon upcoming token unlocks on October 17, when 183.13 million ASTER tokens will be released, amounting to about $325 million. While ASTER currently enjoys high liquidity with nearly $1 billion in daily trading volume, concerns have been raised regarding the market's capacity to absorb this new supply. If the price falls below the critical support level, it could indicate a bearish trend, potentially dropping to $1.25. Overall, market sentiment remains cautiously optimistic, leading to a possibility of significant gains if the support holds and traders react positively to the token unlock.

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