ASTER’s 6% hike finds support in Bitcoin’s $82K stand, but will the long-term trend change?

Aster [ASTER] recorded a surge of 6% in the last 24 hours. The daily trading volume was 75% higher too, according to CoinMarketCap. It is possible that the altcoin enthusiasm across the market could propel ASTER higher.

For a week now, Bitcoin [BTC] bulls have held on to the $83K support zone, adamantly refusing sellers a pathway below $82K and potentially making a push below $80K.

This Bitcoin resilience has helped altcoins steady their ships. The altcoin market cap (including Ethereum) has stayed around the $1.14-$1.15 trillion region over the past week.

ASTER lacked a strong price trend in July and a good part of August. The consolidation phase back then has since given way to a bullish expansion. However, at press time, the long-term ASTER trend still wasn’t bullish.

What do ASTER bulls need to flip the structure bullishly?

The 3-day chart provided a clear picture of what the bulls needed to flip the structure. The $0.403 and $0.813-levels marked the swing points from the start of the year that are the latest relevant levels to the bearish swing structure.

The swing high was tested in August, but a candle close above it did not occur. Until it does, long-term traders can maintain a cautiously bearish bias.