The DeFi community is watching closely at Aster. The original token of the project is experiencing a very impressive ASTER price rise, up 20% in the last 24 hours to $2.04. The jump briefly pushed it to an all-time high of $2.12, exhibiting very strong momentum.
Impressive Metrics Driving the Rally
This is not a superficial price pump. The numbers reflect strong conviction in the market. Volume exploded to $2.58 billion, a 32.6% increase. More importantly, open interest (the number of outstanding derivative contracts) also surged higher by over 28%.
This combination of rising volume and rising open interest most certainly points to new money flowing into ASTER, and not just old traders repositioning.
Why Aster is Gaining Massive Traction
So what’s fueling this explosive growth? The momentum has a solid foundation in ecosystem growth and massive exchange backing.
Dominant Trading Volume: Aster’s perpetual DEX has become the market leader with an astounding $21.89 billion in 24-hour volume—close to twice that of its competitor, Hyperliquid.
Big-Name Endorsement: The rally gained steam after open backing by ex-Binance CEO Changpeng Zhao.
Binance Perpetuals Listing: Binance once again stoked the fires by listing ASTER perpetual contracts with a maximum leverage of 50x, growing liquidity and hype about a future spot listing.
Solid Utility: Tokens like governance voting, staking, and a $50 million fee buyback scheme continue to generate long-term confidence.
ASTER Price Prediction: Critical Levels to Focus On
Technically, things remain bullish. The price is near the top Bollinger Band, indicating dominance by the buyers. The Relative Strength Index (RSI) is healthy at 62, indicating momentum but not yet in overbought conditions.
Resistance: The first level to breach is the recent high of $2.12.
Support: The first serious support is at $1.78, and the Bollinger Band midline of $1.96 is a critical level to hold.
If the buyers can stay above $1.96, the next levels might be $2.20 to $2.30. A breakdown below $2.12 would witness a short-term pullback to the $1.78 support zone.
