The Aster (ASTER) price is trading up by 5% at the time of writing on Monday, preparing for a breakout from a symmetrical triangle pattern.
Aster nears upper symmetrical triangle boundary, with bulls eyeing a potential breakout.Aster records the highest 24-hour fees among DeFi protocols as the TVL hits a record high.Aster increases incentives for longer position holds with more Rh points in the final epoch of Genesis Stage 2.
The Aster price is trading up by 5% at the time of writing on Monday, preparing for a breakout from a symmetrical triangle pattern. The dark pool decentralized exchange token surpasses Tether’s USDT stablecoin in 24-hour fees, alongside its Total Value Locked reaching a record high, which bolsters its bullish potential.Furthermore, Aster has announced additional benefits for traders holding positions for extended periods during its final epoch of Genesis Stage 2, aiming to boost market sentiment.Asterposts new DeFi records DeFiLlama data shows that Aster collected more fees in the last 24 hours than Tether’s USDT stablecoin, reflecting the heightened activity on the DEX platform. The data reveals that Aster collected $25.06 million compared to $22.21 million by Tether.DeFi protocols. Source: DeFiLlamaAdditionally, the TVL on Aster has reached a record high of $2.272 billion, indicating a steady rise in user activity on the platform.ASTER TVL. Source: DeFiLlamaAdding to the rising activity, Aster announced a reward of up to 10 times the Rh points based on the position holding time, capped at 2 times the weekly trading volume. The Rh points serve as incentives for traders to boost interest and help determine shares from 4% of the total ASTER supply, secured for airdrops to the community.Aster eyes further gains with a triangle breakout rallyAster edges higher within a symmetrical triangle pattern on the 4-hour chart, approaching its resistance trendline. The overhead trendline is close to the $2.00 round figure, which would act as a key psychological resistance.A decisive close above this level could extend the ASTER rally to the R1 pivot level at $2.43, for a nearly 20% upside.The technical indicators on the same chart highlight an increased possibility of a trend reversal as the Moving Average Convergence Divergence approaches its signal line for a crossover. Furthermore, the Relative Strength Index crosses above its midpoint at 54, suggesting that buying pressure is resurfacing.ASTER/USDT daily price chart.However, a potential slip below the 50-period Exponential Moving Average at $1.73 would confirm the breakdown of the triangle pattern. The immediate area of support for the DEX token lies at the S1 pivot level at $1.27.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miss Manners: Why on the lips? Why?Advice from Judith Martin, Nicholas Ivor Martin and Jacobina Martin.
Read more »
Crypto Trader Who Bet $1B on Bitcoin Returns With 3x Leveraged Long on ASTERWynn's new trade comes just days after being liquidated on the same token, as he believes ASTER's airdrop will be one of the biggest in crypto history.
Read more »
BNB Chain Dethrones Solana in Daily Fees After Aster DEX-Fueled SurgeThe launch of Aster drove BNB Chain fees to $1.4 million.
Read more »
Today’s NYT Mini Crossword Clues And Answers For Monday, September 29thLooking for help with today's NYT Mini Crossword puzzle? Here are some hints and answers for the puzzle.
Read more »
Today’s NYT Pips Hints And Solutions For Monday, September 29thLooking for help with today's New York Times Pips? Here are some expert hints, clues and commentary to help you solve today's puzzle and sharpen your skills.
Read more »
Today’s Wordle #1563 Hints And Answer For Monday, September 29thLooking for help with today's New York Times Wordle? Here are some expert hints, clues and commentary to help you solve today's Wordle and sharpen your guessing game.
Read more »