Technical signals indicate that a price break is imminent.
After the Aster team destroyed approximately 77.86 million tokens and launched the fourth phase of the buyback program, the price entered a phase of tightening Bollinger Bands. At the time of publication, Aster's transaction price was $1.03, a decrease of 2.7% over the last 24 hours and 5% over the week, remaining 57% below the all-time high of $2.41 reached in September. Daily trading volume decreased by 18.5% to $274.3 million, futures volume dropped by 19.27% to $805.5 million, and open interest fell by 3.4%, indicating that the market is entering a phase of narrow consolidation.
Thanks to the S3 buyback program, the team has definitively withdrawn approximately 77.86 million ASTER tokens, worth about 80 million dollars, while locking an equivalent amount of tokens for future airdrops to increase long-term scarcity and stability of the supply structure. The fourth phase of the buyback program, launched on December 2, allows for the absorption of more than 2 million dollars per day from the market, thus providing market support.
From a technical standpoint, the Bollinger Bands of Aster have significantly tightened, indicating a decrease in volatility and the possibility of a sharp price movement ahead. Recently, the price has been capped near the mid-band, repeatedly touching the upper band without succeeding in breaking through, while momentum indicators signal a weakening of the bullish momentum. The RSI has fallen back around 40, and the MACD shows a negative value, reflecting a weakening of buyer strength.
If buyers regain control over the mid-band with increased volume and break through 1.06 dollars, the price could target the zones of 1.09 dollars and 1.12 dollars. Conversely, an effective break below 1.03 dollars would unleash bearish pressures, with the zones of 0.98 dollars and 0.94 dollars potentially acting as support. Market analysts estimate that the mechanism of destruction and buyback of Aster tokens could provide potential support for the price; investors should monitor the breaking of the Bollinger Bands and the evolution of volumes.
