Is Aster about to reach 0.1?
Yesterday, Aster officially kicked off the fifth round of buybacks, with the platform taking out up to 80% of the contract fees daily to buy back tokens. Among this, 40% is directly used for on-chain buybacks and destruction, while a portion is reserved for strategic reserves. Additionally, over 70 million tokens from the previous season's buyback have also been destroyed. This action is a solid support measure, effectively allowing the platform to actively recover selling pressure and reduce volume; moreover, the previously launched Shield privacy trading mode still has no fees, zero slippage, no Gas, and no closing fees on the contract side, with BTC/ETH still able to open 1001x leverage. This core advantage remains, and the user and trading activity on the contract side hasn’t really dropped; the fundamentals are stable, with no bearish issues concerning the fundamentals.
There’s also a long-term prospect: the Aster Chain testnet will soon be launched in late October, and subsequent tokens will be linked to the public chain's fees and staking incentives. The long-term value logic is still quite clear; it’s not some air coin that lacks real application.
From a technical perspective, weakness can also be seen. The current price is not only below the short-term moving average support, but the RSI value has also fallen below 30, entering the oversold zone — this indicates that the short-term downward momentum is actually exhausted, and there’s a high probability of a small rebound, but a major reversal trend cannot be seen for now.
Regarding key support and resistance levels:
✅ Support level: 0.68 USD is the first key support. It was repeatedly tested yesterday and did not break; if this level holds, it will remain sideways in the short term. If it breaks below 0.68, the next support is 0.66, and further down is the low at 0.63, which is the bottom line.
✅ Resistance level: If a short-term rebound is desired, the first hurdle is 0.73 USD. Only if this level is broken can we see 0.83; if it struggles to break 0.73, it is likely to return to the consolidation range to test the bottom.
In fact, there’s no need to be too concerned about the fluctuations of the past few days. Aster’s fundamentals are intact, with buybacks + destruction + the public chain landing are three core positives that are advancing. The recent decline is merely a matter of sentiment and selling pressure, not a problem with the project itself.
To summarize: Aster's current situation is not bad; it’s just slow. There’s no risk of a significant drop, nor is there immediate momentum for a big rise; it’s just a phase of bottoming and buildup, with positive factors supporting it, while sentiment is lagging. Sometimes being patient is much more effective than frequent operations.
