Astera Labs Hammers $107 Bottom – $116 Breakout LoadingAstera Labs, Inc.BATS:ALABDEXWireNewsALAB trades at ~$116.16 (up +0.39% intraday on 1H chart), stabilizing after a brutal drop from its late-2025 peak near $262.62. The stock had a strong AI-driven rally through 2025 before correcting sharply into early 2026 and testing lows around $107.07. Key observations: - Clear downtrend from Nov 2025–Feb 2026 formed lower highs/lows. - Recent price action bounced off $107 support, forming higher lows and reclaiming $116 zone with volume pickup. - Momentum shifting from bearish to neutral-bullish; holding above the 50-period MA. Analytical buyer outlook: - Upside trigger: Break $120–$123 on volume — targets $127–$140 retest. - Support to defend: $112–$116 zone; break risks retest of $107–$110. - AI connectivity demand remains the core tailwind. Verdict: Correction appears mature — bullish reversal brewing. Buyers defending $116 zone. Constructive setup if $120 clears; bias turning positive.