After the team completed the burn of approximately 77.86 million tokens and launched the fourth phase of the buyback plan, Aster’s price entered a Bollinger Band narrowing pattern. As of press time, Aster was trading at $1.03, down 2.7% in the past 24 hours and down 5% over the past seven days, still 57% below the all-time high of $2.41 set in September. Daily trading volume has dropped 18.5% to $274.3 million, futures trading volume has decreased 19.27% to $805.5 million, and open interest has fallen 3.4%, indicating that the market is entering a consolidation phase.
Through the S3 buyback program, the team has permanently removed about 77.86 million ASTER tokens worth roughly $80 million, while locking up an equal amount of tokens for future airdrops to enhance long-term scarcity and supply stability. The fourth phase buyback plan, launched on December 2, can absorb over $2 million in funds from the market daily, providing support for the market.
On the technical side, Aster’s Bollinger Bands have clearly narrowed, indicating reduced volatility and a possible impending breakout. Recently, the price has been blocked near the middle band, repeatedly touching the upper band without breaking through, and momentum indicators show a weakening in bullish momentum. The RSI has fallen back to around 40, and the MACD is negative, reflecting a decline in bullish strength.
If buyers regain the middle band and break through $1.06 on increased volume, the price could test the $1.09 and $1.12 regions. Conversely, a decisive drop below $1.03 would release downward pressure, with the $0.98 and $0.94 areas potentially serving as support levels. Market observers believe that Aster’s token burn and buyback mechanism could provide potential support for prices, and investors should closely watch for a Bollinger Band breakout and changes in trading volume.
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