Aster Faces Risk of Dropping Below Key Support
Aster (ASTER) has lost value for three days in a row. It recently fell below $0.80, down more than 1% after a 13% drop on Monday. The token is testing a key support level at $0.7787.
If ASTER closes below this level, it may fall further towards its all-time low of $0.5404. Momentum indicators show bearish signs. The Relative Strength Index (RSI) is near 32, close to the oversold zone. The Moving Average Convergence Divergence (MACD) gives a sell signal and stays in negative territory.
If Aster bounces from $0.7787, it could target the resistance level at $0.9304, set by the October 22 low.
Midnight Nears Important Breakout Point
Midnight (NIGHT), a privacy-focused partner of Cardano, is down 10% in the last 24 hours. The token is nearing the apex of a symmetrical triangle pattern on the 4-hour chart. This pattern is marked by two converging trendlines.
If NIGHT drops below the support trendline near $0.05000, it may test the pivot point at $0.01923. The RSI on the 4-hour chart is 54, showing a neutral to slightly bullish outlook. However, the MACD recently signaled a sell.
For a bullish breakout, NIGHT must rise above $0.07000. This move could lead to gains toward the next resistance at $0.102239.
Ethena Struggles to Hold Key Support Level
Ethena (ENA) has fallen for five days in a row, down 1% on Tuesday. The token broke below a recent low at $0.2180 and is nearing the $0.2000 psychological support level.
If ENA fails to hold $0.2000, it could drop to the support pivot at $0.1845. Bearish momentum is growing, as the RSI falls to 33 near oversold conditions. The MACD also gives a sell signal after crossing below its signal line on Monday.
If ENA rebounds, the first resistance to watch is the 50-day EMA at $0.3079.
