bitcoinlfg

Tag: Aster

  • Aster price retests $1.2 level as whale scoops 8.4M tokens

    Aster price retests $1.2 level as whale scoops 8.4M tokens

    ASTER Price

    • Aster price jumped 7% as bulls retested the $1.2 resistance level.
    • Technical breakout signals a potential upside continuation.
    • A whale has added to their ASTER accumulation, now holds over 8.4 million of these tokens.

    The Aster (ASTER) token has its price hovering above $1.17 as bulls look to retest the $1.2 resistance level.

    While the 7% intraday gains as of writing suggest a quiet day in Aster price movement standards, the uptick comes amid a notable strategic accumulation of 8.4 million ASTER tokens.

    Consistent buying activity, coupled with emerging technical patterns, could shape an upside explosion for the DEX token.

    Whale accumulates 8.4 million ASTER

    Recent on-chain data, highlighted in a post by Lookonchain on X reveals that the whale “ThisWillMakeYouLoveAgain” has significantly bolstered its position in Aster since November 4, 2025.

    Over this period, the entity has acquired 8.41 million ASTER tokens, purchased at an average price of $0.97 per token.

    This accumulation has yielded an unrealized profit of $1.1 million as of the latest updates.

    Per onchain data, the whale’s transaction history spans multiple deposits of USDT into the Aster platform and subsequent token purchases. It speaks of a calculated strategy.

    Notably, this investor previously realized substantial profits from trading PEPE.

    Another factor that is pulling Aster up is buybacks.

    Over the past 24 hours, ASTER token buybacks surged 50%, reaching a pace of $7,500 per minute.

    The initiative removed 2.4 million ASTER coins from circulation, valued at approximately $2.8 million, equivalent to 0.12% of the total circulating supply.

    The resulting supply reduction has provided bullish momentum for the token, with market sentiment further lifted by rumors of a potential Coinbase listing and a technical rebound that has drawn renewed interest from crypto traders.

    A lot of the wins are down to astute market timing, and having bought ASTER at lows this past few weeks, the suggestion is that the bull has fresh confidence in Aster’s potential.

    Aster price outlook amid technical breakout

    While many altcoins continue to struggle, Aster’s price has exhibited a technical pattern breakout.

    The token’s uptick and potential retest of the $1.2 level align with a breakout from a symmetrical triangle pattern on the 4-hour chart.

    If bulls close above the resistance line of the triangle and print a retest around $1.215 seen earlier, it could be indicative of a reversal from bearish to bullish momentum.

    Aster Price
    Aster price chart by TradingView

    The RSI and Chaikin Money Flow indicators further support this trend, with the former above 62 and likely to extend upward.

    The CMF metric signals consistent capital inflows and hints at an accumulation phase that could propel Aster toward higher resistance levels.

    Should the $1.2 barrier be breached, technical forecasts suggest potential targets between $1.25 and $1.50 in the near term.

    Bulls’ plans will be contingent on continued market support.

    However, with broader weakness, bears might have other plans.

    The coming days will therefore be critical in determining whether the token can sustain upside momentum above $1.2 or not. In the case of a negative flip, prices may fall to immediate support at lows of $1.08 and $0.96.

    Share this article
    Categories
    Tags



    Source link

  • Aster price risks dip below $1 despite major buyback plan

    Aster price risks dip below $1 despite major buyback plan

    Aster Bearish Price Outlook

    • The ASTER token is teetering near a critical support level of $1.03-$1.00.
    • A potential drop below $1 risks triggering further declines to $0.90.
    • The outlook is despite a buyback plan the Aster team announced on Friday.

    Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, has unveiled a significant buyback initiative to bolster its native token, ASTER.

    Announced earlier today, the plan proposes allocating 70-80% of Season 3 fees toward ASTER buybacks, contingent on market conditions.

    However, despite this bold move, market data and technical outlook suggest that ASTER faces substantial risks of dipping below the critical $1 psychological support level.

    Aster team plans major token buyback

    The ASTER token is currently trading at $1.06, just in the red.

    However, the DEX token faces notable selling pressure as has been seen in the past week and month.

    On Friday, the cryptocurrency failed to climb despite earlier gains.

    Intraday upticks saw the altcoin’s price reject in the $1.12 and $1.15 region, with gains and the subsequent selling pressure coming amid a major ASTER buyback announcement.

    Why is ASTER price down today?

    Aster fell amid negative news on Thursday. Today, the token’s price action reflects a fragile market, with technical indicators pointing to potential downside risks.

    Notably, Aster has lost over 55% of its value since the peak of $2.42 reached in September.

    The rally that saw the exchange platform challenge and even surpass Hyperliquid in volume has dissipated, and the altcoin’s 24-hour trading volume, while robust, has dropped below $800 million.

    Market sentiment is further strained amid overall crypto action.

    On Friday, following high anticipation, the Bureau of Labor Statistics released the Consumer Price Index inflation for September.

    After an initial uptick alongside stocks, Bitcoin and Ethereum as well as most cryptocurrencies showed subdued action.

    The US CPI report, which indicated cooling inflation, failed to inspire sustained bullish momentum across the crypto sector.

    While the Dow Jones Industrial Average had spiked by over 530 points as of writing, Bitcoin failed to rally above $111,000, and ETH pared gains from near $4,000.

    Aster price signalled a similar outlook despite the team’s buyback announcement.

    Is ASTER set to dump below $1?

    Technical indicators highlight that the current price is at a critical support zone.

    A downturn below $1.03 means bears could strengthen in the $0.93-$0.97 region. ASTER could drop to lows of $0.90.

    Meanwhile, robust resistance lies in the $1.12-$1.15 zone, with a break to above $1.24 potentially triggering an upward momentum toward $1.52 and then $1.60.

    Aster price chart by TraddingView

    In any case, ASTER’s ability to hold above $1 is crucial for this bullish outlook.

    The buyback plan’s execution and broader market stabilization will be key for buyers.

    The token’s institutional backing and multi-chain architecture may also offer a foundation for recovery.

    However, the overall crypto market outlook suggests uncertainty could deter short-term holders.

    Share this article
    Categories
    Tags



    Source link

  • Aster price tanks 20% as sell-off pressure hits altcoins

    Aster price tanks 20% as sell-off pressure hits altcoins

    Aster Price Bearish

    • Aster price fell 20% to near $1 as sell-off pressure hit altcoins
    • The altcoin touched its all-time high of $2.42 in September, but has declined amid broader selling.
    • Altcoins are dumping as Bitcoin slips to under $106,000.

    Aster (ASTER)’s parabolic gains in recent weeks are quickly fading in the rearview mirror as cryptocurrencies plummet.

    The decentralized exchange’s governance token fell nearly 20% to inch closer to the $1 support level, with bulls succumbing to broader sell-off dynamics.

    Aster has erased significant gains, and broader risks could see bears take control.

    Aster price extends decline amid 20% dip

    With crypto in red early Friday, Aster’s price plunged  20% to hit lows of $1.08 across major exchanges and trading platforms. 

    Having changed hands above $1.36, the double-digit declines over the past 24 hours meant ASTER ranked among the top losers alongside Zcash, Mantle, SPX6900 and Morpho. 

    Aster’s sharp downturn extends a multi-day decline since bulls failed to hold onto gains near $1.60.

    The token had surged to the mark after bouncing off lows seen during the crypto crash on October 10.

    In the past week, Aster’s price has fallen more than 32%, as profit-taking and broader macroeconomic pressures weighed on sentiment.

    The next-generation decentralized perpetuals and spot exchange, built on the BNB Chain, had previously drawn significant attention from investors and traders alike.

    Aster’s rapid rise had been bolstered by recent listings on major platforms such as Robinhood and Binance, which helped fuel earlier momentum.

    However, the euphoria looks to be dissipating as sell-off pressure across cryptocurrencies mounts.

    Bitcoin dipped below $105,000  early Friday. As bears touched lows of $104,597 after a 4% drop in the last 24 hours, top altcoins plummeted. 

    Ethereum, Solana and XRP all dipped to or below key support levels, intensifying the bloodbath.

    What next as Aster revisits $1 level?

    Currently, Aster’s price flirts with the $1 psychological threshold.

    This is a key level that bulls have to defend to avoid giving up further ground.

    Prices, as the chart below shows, have recently consolidated above the critical mark.

    ASTER price chart by TradingView

    However, the sharp decline and breakdown from a descending triangle pattern mean bulls are at risk of more pain.

    The token’s all-time high of $2.42 on September 24 is well off.

    Nonetheless, technical indicators such as the Relative Strength Index (RSI) on the daily put ASTER in oversold territory.

    What this suggests is that exhausted selling could allow bulls to target a rebound. 

    Any downward pressure could nonetheless see the support at $1.00 collapse.

    Data from Coinglass shows a sharp decline in open interest for Aster, now at $477 million.

    Bullish positions have borne the brunt of the correction, with long liquidations accounting for nearly 90% of total liquidations — more than $10 million out of $12 million in the past 24 hours.

    Short positions made up just $1.73 million of the total.

    For bulls, a decisive breakout above $1 remains critical to regain momentum.

    Conversely, sustained selling pressure below $0.85 would likely hand control to the bears.

    Share this article
    Categories
    Tags

    Source link

  • Aster price holds $1.7 as whales buy, perps volume hits $11B

    Aster price holds $1.7 as whales buy, perps volume hits $11B

    Aster Whales Buy

    • ASTER price is consolidating near $1.7 and is supported by a daily trading volume of $2.1 billion.
    • With resistance at an all-time high near $2 and support at $1.48, ASTER’s price is largely bullish.
    • Upcoming token unlock could introduce volatility.

    While several top coins are struggling with downside pressure, Aster’s native token is posting slight gains near $1.7.

    The token’s price was up 13% in the past 24 hours, and a staggering 1,980% in the past week at the time of writing, driven by robust trading activity that had daily perps DEX volume hitting $11 billion.

    ASTER’s growth as a platform in the decentralised finance (DeFi) space is key to bulls’ momentum.

    Perps volume hits $11 billion as ASTER holds $1.7

    ASTER’s price has held around $1.7 after retreating from its highs of $1.97 across major exchanges.

    The current price reflects a 13% surge in the last 24 hours, outpacing top coins after Monday’s bloodbath.

    The token remains well over 1,870% up since its all-time low of $0.084 on September 17, 2025.

    Price consolidation sees ASTER rank among the best performers on the day.

    Most notably, the decentralised exchange platform has recorded a staggering $11 billion in perps trading volume.

    Spot trading volume also spiked, increasing by over 8% to $2.1 billion.

    Multi-chain support and Aster’s Genesis Stage 2 rewards program, which allocates over 50% of tokens to community airdrops, has driven significant user engagement.

    Bybit’s $100k reward pool campaign also boosted participation, with deposits and spot trading rising.

    Meanwhile, Aster has benefitted from the endorsements of influential figures in the space, including Binance’s Changpeng Zhao.

    ASTER price and its potential for parabolic gains have seen a whale double down on the token with 7.14 million ASTER tokens worth over $10.5 million.

    The whale scooped the tokens via two wallets, Lookonchain noted.

    The whale deposited 4.5 million Tether (USDT) into the Aster exchange and withdrew 7.14 million.

    On-chain data showed the bull sat on an unrealised profit of $6 million.

    What’s next for the ASTER price?

    ASTER is testing resistance at $1.75, with upside potential toward $1.90 and the key $2.00 psychological mark.

    A breakout above this range could open the door to fresh highs, particularly if sentiment across the broader crypto market turns supportive.

    Near term, however, risks are building as profit taking coincides with an upcoming token unlock.

    With millions of ASTER tokens set to enter circulation, selling pressure—particularly from airdrop claimants—could weigh on price momentum.

    On the downside, $1.58 is emerging as the critical support level. A sustained break lower could see prices slip toward $1.48, where bulls may attempt to regroup.

    Despite these risks, consolidation around current levels remains possible.

    Should the market absorb selling and broader adoption of ASTER’s zero-knowledge proof–powered DEX infrastructure continue, a decisive break above $2 could mark the beginning of a stronger bullish leg.

    Share this article
    Categories
    Tags



    Source link

  • Aster token pumps more than 500% post-TGE launch

    Aster token pumps more than 500% post-TGE launch

    Aster

    • ASTER token soars 550% to $0.52 post-TGE.
    • Total value locked catapulted to $1 billion, doubling pre-launch figures.
    • Aster’s debut bolsters BNB Chain’s ecosystem, boosting the BNB price.

    The Aster ($ASTER) token’s debut saw it hit $0.58, rocketing by more than 500% within hours.

    Aster then slightly pared the gains as traders looked for profits post-TGE and airdrop distribution for the YZi Labs-backed protocol.

    Altcoins such as Lagrange, EigenLayer and BNB have outshone the broader market.

    Launching at an initial price of approximately $0.08, the token swiftly ascended to a peak of $0.52.

    It is a move that encompassed a staggering 550% gain in its first trading session and saw ASTER’s market capitalization rally past the $800 million threshold.

    On debut, Aster rose to rank among the top 150 cryptocurrencies by market cap.

    As the token’s price pumped, daily volume rose to over $420 million in the initial 24 hours, up 1800%.

    While the 500% climb validates Aster’s utility in perpetual trading, bulls have to be aware of a potential sharp pullback if price overextends into the overbought territory.

    Aster TVL jumps to $1 billion

    Aster’s total value locked has exceeded expectations, surging to over $1 billion within days of the TGE in a milestone that represents a more than twofold increase from pre-launch figures of around $400 million, attracting over 330,000 new wallets and solidifying Aster’s position as the second-largest perpetual DEX globally.

    The influx highlights the platform’s multi-chain prowess, spanning BNB Chain, Ethereum, Solana, and Arbitrum, where users leverage unique collateral options like liquid-staking as BNB and yield-bearing USDF stablecoins.

    Privacy-focused innovations, such as zk-proofs have drawn sophisticated traders seeking capital efficiency without custodial risks whereas Aster’s integration with PancakeSwap has boosted ecosystem liquidity, contributing to a 15% uptick in BNB’s price over the past week.

    Market observers note that this $1 billion TVL not only enhances on-chain stability but also positions Aster to capture a slice of the $16 billion Hyperliquid pie, potentially driving annual revenues toward $500 million through fee structures that reward $ASTER holders.

    A significant first step for $ASTER on BNB Chain

    For $ASTER, this TGE marks a transformative debut on BNB Chain, laying the groundwork for broader DeFi adoption.

    As a high-performance Layer-1 with privacy at its core, Aster Chain empowers seamless perpetuals and spot trading, democratizing access for both novice and pro users via intuitive Simple and Pro modes.

    The platform’s non-custodial ethos, coupled with governance via $ASTER enables fee discounts and protocol upgrades.

    Implementation of this feature aligns with the community-first principles that propelled BNB Chain’s growth to over $16 billion in TVL.

    This milestone extends beyond numbers as it validates BNB Chain’s edge in low-fee, high-throughput environments, especially as altcoin rotations favor derivatives amid Bitcoin’s stabilization above $117k.

    Share this article
    Categories
    Tags



    Source link