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Aster Price Compression Deepens Following $80M Supply Cut
The Aster (ASTER) market is slipping into a tightened trading range as volatility drains from the chart, following the project’s latest major supply reduction and accelerated buyback activity. At press time, Aster traded at $1.03, down 2.7% over the past 24 hours, and has oscillated between $0.9007 and $1.12 throughout the week. Despite the consolidation, the token remains 57% below its September all-time high of $2.41.
Trading Activity Cools Across Spot and Derivatives Markets
Market participation has slowed notably. Spot trading volume dropped 18.5% to $274.3 million, reflecting dwindling momentum as traders wait for a decisive breakout.
A similar softness has taken hold in derivatives. Futures volume declined 19.27% to $805.5 million, while open interest slipped 3.4% to $476.7 million, signaling reduced appetite for aggressive positioning.
Aster Executes $80M Burn Under S3 Buyback
Aster’s fundamentals took center stage on Dec. 5 when the team announced the completion of a major supply cut. As part of its S3 buyback program, the project permanently removed 77.86 million ASTER tokens—valued at roughly $80 million—from circulation.
An additional 77.86 million tokens were locked for future airdrops, a move the team says is aimed at enhancing long-term scarcity. Earlier on Dec. 2, Aster also launched its Stage 4 buyback ahead of schedule, using protocol fees to support market stability.
Technical Indicators Hint at a Looming Breakout
Aster’s chart is tightening into a Bollinger Band squeeze, with the bands contracting sharply as volatility fades. The price has repeatedly failed to reclaim the 20-period mid-band, which has acted as a dynamic resistance.
Momentum remains soft: the RSI sits in the mid-40s, rebounding attempts have stalled near the mid-50s, and the MACD stays negative, highlighting ongoing bearish pressure.
A decisive push above $1.06 could open the door toward $1.09 and $1.12. Conversely, a breakdown below $1.03 may expose $0.98 and $0.94 as the next key supports.
