ASTER Price Prediction 2026: Descending Wedge Pattern Signals Potential Rally to $1.60

Forget sideways action—ASTER's chart just printed a classic breakout signal.

The Wedge That Could Unlock Gains

Technical analysts are circling a descending wedge formation on ASTER's daily chart. These patterns typically resolve with a sharp move upward, and the measured move target from the current breakout point lands squarely near $1.60. That's a significant premium from today's levels, suggesting the consolidation phase may be over.

Momentum Builds Beneath the Surface

While the broader market obsesses over macro noise, on-chain metrics and volume profiles hint at accumulation. The setup is textbook: narrowing price swings coiling like a spring, often a precursor to volatile expansion. If buying pressure sustains above the wedge's upper trendline, the path toward that $1.60 target clears.

The Trader's Dilemma: Pattern or Mirage?

Every chart pattern carries a caveat—it's only potential until the market validates it. A failed breakout could see price retreat into the wedge, invalidating the bullish thesis. Yet, for now, the technicals align for a run. It's a reminder that in crypto, sometimes the most reliable signal isn't a fund manager's tweet, but a simple line on a chart. Just ask anyone who bought the last 'generational dip' right before the next one.

Watch the $1.60 level. If ASTER captures it, the narrative shifts from recovery to rally.

Technical Setup Shows Bullish Potential

From the 12-hour chart of ASTER, there is a descending wedge. This is where the price keeps falling while the support and resistance lines intersect. The price of the token is currently at about $0.763. This is an indication that the token is close to the bottom of the descending wedge and could reverse to greater levels.

Support is between $0.57 and $0.63, and this is marked by the lower wedge line. This level is known to work as the price floor. On the other hand, the resistance lies between $0.83 and $0.85 and is marked by the upper wedge line. Any breakout past the latter is imperative to facilitate bullish action. The upside could then reach $1.0 to $1.2 and possibly higher to $1.60.

Price target action indicates a wedge action with short pullbacks during upward movements. If the wedge breakdown is not realized, there will be re-tests of $0.60-$0.63. The short-term target is $0.83-$0.85; the mid-term target is $1.0-$1.2; and the long-term target is $1.60. A stop-loss below $0.57-$0.63 can help manage risk effectively.

Indicators Signal Easing Selling Pressure

The RSI is holding at 42.24, and its average is at 35.02. The RSI made a strong bounce around the oversold level of 30. This is a clear indication that the pressure to sell the currency is weakening. In spite of this strong bounce, the RSI remains below the important level of 50.

The MACD histogram is at 0.01688, displaying positive momentum. The MACD is at -0.05670, and the signal is at -0.07358. The fact that the gap between the MACD line and the signal line is narrowing predicts a high possibility of the formation of a bullish crossover.