$ASTER Daily buyback support of 4 million, short-term opportunities have arrived
Price update current price 0.96 USD, down about 4% in 24 hours, intraday high reached 0.98 USD, lowest dropped to 0.92 USD, trading volume 160 million USD. Now the price is almost touching Zhao Changpeng (CZ)'s buy-in cost line of 1.25 USD, the cost-performance ratio is visibly good.
The core benefit is that starting from December 8, the fourth phase of accelerated buybacks will begin, buying 4 million USD worth of coins for destruction every day! Previously, 77.86 million coins (valued at nearly 80 million USD) have already been burned, and the circulating supply is shrinking, which is a solid price support strategy.
Whale movements highlighted a large whale just withdrew 13.44 million ASTER (valued at 13.04 million USD) from Binance! This entity previously incurred a loss of 34.5 million USD from high-position selling, and now they are re-entering, obviously optimistic about the subsequent market, following the smart money is certainly not wrong?
Key points
Support level: 0.92 USD (the key level that has rebounded multiple times recently, if it breaks, run quickly)
Resistance level: 1.2 USD (if it surpasses, it can reach the CZ cost line)
Risk: The drop in the past 30 days is not small, and there may be unlocked reward coins that could crash the market, volatility is high, only suitable for small positions.
