ASTER Surges 6%, But Will Long-Term Trend Shift?

Aster's price surged by 6% in the last 24 hours, accompanied by a significant increase in daily trading volume of 75%. This uptrend has been attributed to the overall altcoin enthusiasm across the market.

The resilience of Bitcoin, which has held its support zone at $83K for a week now, is also believed to be contributing to this trend. Despite some volatility, Bitcoin's refusal to dip below $82K may have provided a boost to altcoins such as Aster.

However, according to the source, Aster still lacks a strong long-term price trend, with the consolidation phase from July and August giving way to a bullish expansion only recently.