ASTER: Massive Liquidity Trap Below $1.60 — Is a $2.40 Comeback Next?

ASTER hits a key horizontal support at $1.5083, a level that has previously triggered strong bullish reversals on the 4-hour chart.

Liquidity heatmap shows intense short liquidation zones above $1.57, indicating potential for a rapid upside breakout.

Smart money positioning near support,points to a potential bounce targeting $2.10 and beyond.

Aster (ASTER) dropped 11.88% in the last 24 hours and 16.30% over the past week to trade at $1.62. Trading volume hit $1.5B as traders watch for a rebound or more losses.

Price Dips to Crucial Support Zone

According to chart analysis shared on X by crypto enthusiast @spetsnaz_3, ASTER has corrected from highs near $2.40 to currently trade around $1.6040 on the 4-hour timeframe. The drop appears to be retesting a critical horizontal support at $1.5083, a zone where price has previously bounced with significant volume

This level has consistently attracted buying interest, acting as a solid floor in prior downtrends.A slight dip below this support is possible, forming a classic liquidity grab or spring pattern, typically used to shake out weak holders before price recovers.

Heatmap Highlights Bullish Liquidation Trap

Data from Coinglass’ ASTER/USDT liquidation heatmap confirms growing bullish potential. The heatmap reveals dense clusters of short liquidations sitting just above the current price—especially between $1.57 and $1.78. These are primarily 25x to 50x leveraged positions, suggesting that a breakout above this zone could trigger a liquidation cascade, driving prices rapidly upward.

Source: Mike James Via X

The cumulative liquidation curve also supports this narrative. A steep upward spike in the green line beyond $1.70 indicates a high concentration of trapped shorts. Conversely, the downside shows decreasing liquidation volume, suggesting limited risk of long wipeouts below the current level.

Smart Money Signals Giga Reversal Setup

A tweet from DaCryptoGeneral further reinforces the bullish bias, describing current price behavior as a “shakeout”—a strategic dip designed to trap retail traders before a major move. The price action aligns with smart money concepts, including order block theory and market structure breaks, pointing to accumulation at current levels.

The chart structure supports a reversal from the $1.41–$1.50 zone, with projected moves aiming for $2.10–$2.56, in line with upper liquidity targets identified on the heatmap.

With support levels holding firm and liquidation zones stacked above, a breakout above $1.60 could start a reversal, targeting previous highs near $2.40. However, $1.50remains an important level to confirm.