Will the price of ASTER be able to surpass this level and head towards $2.42?

Aster (ASTER) has drawn attention from cryptocurrency investors and traders after recording an impressive 16% increase in the past 24 hours. This development has sparked discussion among potential investors and traders about whether this bullish phase has enough strength to reverse the recent downtrend of ASTER and break through the resistance level of 2.16 USD.

Aster trading volume doubles

The recent price increase of ASTER did not occur in isolation, but was supported by strong on-chain indicators. Data from Token Terminal shows that trading volume has doubled to approximately 2.2 billion USD, indicating active participation from the market rather than just speculative activity.

History shows that when trading volume increases, this confirms that the bullish trend is supported by genuine interest from buyers. If this accumulation trend continues, the current momentum of ASTER is likely to be sustained.

Source: Token Terminal## Resistance level $2.16: The next important challenge

For Aster traders and investors, all attention is currently focused on the 2.16 USD level — a level that has been a major obstacle in Aster's recent recovery efforts. On the 4-hour chart, Aster's price has consolidated in a bullish flag pattern over the past few days until the recent surge appeared.

With the breakthrough, the only obstacle preventing the long-term transformation of the market lies at the resistance level of 2.16 USD.

At the time of the press, the momentum seems to be leaning towards the buyers. However, market analysts warn that a failed attempt could lead to short-term consolidation or a correction as early investors take profits.

ASTER Price Chart | Source: Coinphoton## Liquidity Group: Strengthening bullish trend

Recent analysis by Coinphoton of the Liquidity Heatmap data from CoinGlass shows the presence of multiple liquidity clusters above the current trading price of ASTER. This series of liquidity groups creates points of interest that could draw attention to push the price of Aster higher, especially in light of recent stimuli.

Source: CoinGlassDespite a significant 16% increase, the trading volume has risen and the liquidity pools clearly reflect increasing optimism. However, for the momentum of this coin to continue, buyers need to maintain strong buying pressure in the market.

To achieve a more significant move, Aster needs to break the resistance level of 2.16 USD; surpassing this level could pave the way for its recent all-time high of 2.42 USD.

Mr. Giáo