$ASTER /USDT: The Momentum is Real 🚀
If you’ve been watching the charts, you know ASTER has been making some serious noise lately. We’re seeing a solid +10.78% gain in the last 24 hours, currently sitting at 0.627. But the numbers only tell part of the story; the technical setup looks even better.
Looking at the 1-hour chart, ASTER just pulled off a clean breakout from its long-term downtrend. It’s holding steady above the MA(7) and MA(25), which is a textbook sign that the buyers are now in control.
Why the bulls are winning:
Real Buybacks are Happening: Starting this month, the protocol began using up to 80% of daily platform fees to buy back ASTER tokens. This creates constant, organic buying pressure that isn't just based on hype.
Smart Collateral: Unlike other platforms where your funds just sit there, Aster lets you use yield-bearing assets (like asBNB) as collateral. You’re essentially earning passive income while you trade.
Strong Support Levels: We’ve established a firm floor around the 0.60 mark. As long as we stay above this, the path toward the 0.70 resistance level looks wide open.
Institutional Backing: With support from major players like Binance Labs, the project has the infrastructure to back up its recent price action.
The volume is rising along with the price, which usually means this move has legs. Whether you're scaling in or just keeping an eye on the DeFi space, ASTER is definitely one to watch this week.
