ASTR – Testing $1.50 Support Amid Corrective Phase

ASTR remains in a corrective structure after losing its point of control. The $1.50 level is the next key support where buyers may attempt to defend and build accumulation.

The asset has struggled to regain momentum after falling below its high-volume node. Price action is now approaching a crucial support zone, which may serve as the foundation for a consolidation range.

Key Technical Points:

- Point of control lost, confirming corrective momentum.
- Next major support lies at $1.50.
- Dynamic resistance must be broken with volume for bullish rotation.

ASTR has experienced notable weakness after its corrective downturn pushed price below the point of control. This breakdown suggests sellers remain in control in the short term. However, the $1.50 support zone is critical for bulls, as a strong bounce here could lay the groundwork for a consolidation range and eventual recovery.

For the bullish case to regain credibility, ASTR must reclaim dynamic resistance on increased volume. Without this, further corrective behavior may continue, with the market settling into a range-bound structure before any breakout attempt.

What to Expect in the Coming Price Action:

If $1.50 holds, ASTR may consolidate and prepare for a recovery. A breach of dynamic resistance with strong demand would mark the start of a bullish rotation. Failure to hold support risks deeper declines.