Aster price ($ASTER) is taking a breather, down roughly 6% in the last 24 hours to around $1.27, despite a major catalyst: its Robinhood listing earlier today.
The broader market pullback and lingering post-airdrop profit-taking are overshadowing the news, sending Aster coin into the red. At the same time, Bitcoin falls, and a few other major altcoins hold relatively steady.
The token’s daily chart shows a classic distribution pattern, a brief spike toward $1.41 before cascading lower, confirming heavy selling pressure from short-term holders. The move isn’t isolated either; Aster ranked among the top losers, dropping alongside Zcash (ZEC) and Story (IP), as traders rotated out of high-beta altcoins.
Why Aster Price Is Falling Despite the Robinhood Listing
The sell-off runs deeper than simple profit-taking. Marketwide sentiment has turned risk-off amid renewed U.S.–China trade tensions, pushing the Crypto Fear & Greed Index down to 32, the Extreme Fear zone.
Aster’s high-beta nature made it an easy target for deleveraging. Traders appear to be seeking refuge in BTC and stablecoins, a typical pattern when uncertainty spikes.
A bigger overhang, however, came from Aster’s Phase 2 airdrop on October 14. Roughly 320 million tokens (4% of supply) hit the market without vesting, a setup that historically triggers quick sell-offs. The result was a week-long slide of over 33%, with intraday wicks suggesting panic exits from airdrop recipients.
Adding to that, DeFiLlama’s delisting of Aster’s perpetual futures data earlier this month stirred doubts about inflated volume metrics.
The protocol denied wrongdoing, and its $1.35B daily volume (+26.8%) still signals active trading, but sentiment hasn’t fully recovered. For now, confidence appears fragile.
Will Aster Coin Recover? Cautious Path Ahead
On the 1-day chart, ASTER coin remains in corrective mode. Indicators are flashing “strong sell” across both oscillators and moving averages, per TradingView data. RSI hovers near 49, showing neutral momentum but no bullish divergence yet. The MACD line sits below zero, and all key EMAs, from 10 to 200, point downward.
Immediate support sits near $1.20, where the Aster price bounced twice in the past week. A decisive break below that could expose $1.10–$1.00, the next high-volume node. On the upside, resistance forms at $1.36, with stronger supply around $1.42–$1.45, levels that coincide with post-listing highs.
A short-term relief rally can’t be ruled out. With volume still elevated and Robinhood visibility kicking in, traders may attempt a technical rebound toward $1.35, especially if broader sentiment stabilizes. But sustained upside likely depends on clearing $1.40; otherwise, the path of least resistance remains lower.
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