$ASTER is in freefall โ and even CZโs backing couldnโt stop it. ๐ From post-listing highs above $2, itโs now trading around $0.74โ$0.75, a massive 65% drop.
The issue? A huge max supply (8B) with constant token unlocks creating relentless selling pressure. Binance listings often see aggressive front-running โ initial hype fades as price seeks a realistic level. $ASTER is experiencing this normalization. Heavy derivatives trading amplifies the downside when momentum shifts.
But hereโs the play: this isnโt necessarily a โdeadโ asset. Itโs being *traded*. The chart shows a clear descending channel since November, and price is hitting a key support zone. Sentiment is decisively bearish โ often the point where things can change.
Why buy now? Downside is increasingly defined, speculative supply has rotated, and the unlock narrative is priced in. Plus, $ASTER isnโt a fly-by-night project; itโs building in the derivatives infrastructure layer with Binance-aligned support.
This isnโt about a quick V-shaped recovery. Expect chop and base-building. But for those sizing appropriately, the risk profile is improving. Entering early is *always* uncomfortable, but thatโs where opportunity lies. ๐ช
#Aster #DeFi #CryptoTrading #RiskManagement ๐
