The Aster token (ASTER) has just broken a critical support level after confirming a feared chart pattern, causing a more than 5% plunge. As the crypto market struggles to regain momentum, ASTER displays a concerning technical structure.
The cryptocurrency market is showing signs of stabilization at the start of this week on November 21, 2025, following a period of intense volatility that saw Ethereum drop to $2,624 before bouncing back above $2,800. But while the sector’s majors are regaining ground, Aster (ASTER) is sinking into a bearish dynamic that’s worrying holders.
The DEX token is currently posting a decline of over 5%, and technical analysis reveals alarming signals suggesting the correction will continue. The charts don’t lie: the price structure that has been forming over several days leaves little room for doubt.
Examination of ASTER’s 4-hour chart reveals the complete formation of a particularly feared technical configuration: the head and shoulders pattern. This bearish reversal pattern materialized between November 15 and 19, with a peak marked at $1.4068 forming the “head” of the structure.
The left shoulder and right shoulder formed on either side of this peak, but it was the right shoulder’s failure to exceed the previous high that triggered the alert. Selling pressure intensified, forcing the price to test and then break the neckline located at $1.1464. This level had acted as support for several weeks, but the breakdown occurred with marked bearish violence.
Following this structural break, ASTER plunged to $1.0682 before attempting a bounce. The retest of the resistance zone at $1.1576, which coincides with the 100-period moving average, resulted in a violent rejection. This refusal confirms that the former support has transformed into resistance, a classic scenario after the validation of a bearish chart pattern.
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Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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