Aster, Virtuals, and XPL drop after Robinhood launch, but bullish divergence forming across charts | Credit: Veronica Cestari
* The three altcoins dropped after debuting on Robinhood, signaling a “sell-the-news” event.
* ASTER shows a falling wedge, VIRTUALS flashes bullish signal, while XPL’s correction may end.
* All three cryptocurrencies could recover if buying pressure strengthens before October ends.
It was supposed to be their big moment. But ASTER and VIRTUALS XPL’s Robinhood debut turned into a dive instead of a moonshot.
Prices dropped fast, with the trio declining by double-digits in the last 24 hours.
Yet, as risk appetite lags, it seems that the cryptocurrencies will bounce before October closes.
Aster (ASTER)
Before Robinhood announced its listing, Aster (ASTER) traded around $1.35.
But shortly after the news broke, the token’s price slipped — now hovering near $1.05 — suggesting traders sold the news rather than bought it.
On the 4-hour chart, ASTER appears trapped inside a falling wedge, a structure preceding a bullish reversal.
Supporting this, the Relative Strength Index (RSI) has dropped deep into the oversold region, signaling that selling pressure may be nearing exhaustion.
If buying momentum returns, ASTER’s price could break above the upper trendline, marking the start of a rebound. In that case, the price might climb toward $1.47, aligning with the 0.618 Fibonacci retracement.
Sustained demand could push the rally further to $1.81.
However, the recovery hinges on liquidity returning to the Aster ecosystem. Without renewed inflows, the token risks sliding to $0.98, or even $0.68 in an extended bearish scenario.
Overall, ASTER’s price sits at a critical inflection point — oversold, compressed, and ready for its next decisive move.
Virtuals Protocol (VIRTUAL)
Like ASTER, Robinhood disclosed that it listed Virtuals Protocol (VIRTUALS) on Thursday, Oct. 16. Since then, the price has dropped nearly 12%, which is contrary to the altcoin’s performance earlier in the year.
At press time, VIRTUALS’ price is $0.74. The altcoin’s price trades below a resistance line on the daily chart.
However, the Money Flow Index (MFI) has risen above the zero signal line, indicating rising buying pressure.
Additionally, the Awesome Oscillator (AO) has flashed green histogram bars.
Should this trend remain the same, VIRTUALS’ price might breach the resistance line to $1.15. Once that happens, the next target for the cryptocurrency could be around $1.70 at the 0.618 Fibonacci level.
However, if demand for the altcoin drops, this might not happen. Instead, VIRTUALS’ price might decline to $0.65.
Plasma (XPL)
XPL, native to the Plasma network, is third on the altcoins that Robinhood recently listed.
Typically, the development should give American investors exposure to the cryptocurrency.
The XPL price fell by 16% in the last 24 hours despite that. Currently, it is down 76% from its all-time high.
However, on the 4-hour chart, XPL’s price is trapped in a descending triangle. However, the Chaikin Money Flow (CMF) is breaking above the downtrend, indicating that the correction phase is almost over.
Therefore, XPL’s price might break the hurdle and climb toward $0.65 once buying pressure increases. On the flip side, if bulls fail to take control, this prediction might not happen.
Instead, the altcoin might decline to a new all-time low.
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