ASTER Reaches ATH Amid L1 Chain Testing, Binance Talks, Buyback Plans
Aster (ASTER) has experienced a significant surge following CEO Leonard's announcements:
- Plans for a proprietary Layer-1 blockchain, Aster Chain, featuring sub-second finality, perpetual contracts, low fees, and enhanced privacy.
- Discussions are ongoing for a potential listing on Binance, though no specific timeline is provided.
- A buyback program is being finalized to return value to the community, with an announcement expected soon.
The DEX has achieved the second-highest daily revenue of $9.2 million, surpassing Circle but trailing Tether.
Aster Price Analysis
- ASTER hit a new ATH at $2.34 before slightly retracing to $2.27, marking a 35% gain in 24 hours.
- Trading volume increased by 45% to $3.05 billion.
- Technical indicators show strong bullish momentum:
- Trading at the upper Bollinger Band ($2.32), RSI at 68.34 nearing overbought territory.
- MACD indicates bullish continuation; CMF at 0.15 suggests steady capital inflows.
- Resistance is at $2.32, with potential targets at $2.50 and $2.70 if momentum persists.
- Support is around $2.06, with possible deeper corrections to $1.80 under selling pressure.
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