Aster Coin tumbled nearly 14% over the past 24 hours, falling to the $0.78–$0.80 range after breaking below a long-defended support zone. The drop came on sharply rising volume, with 24-hour trading activity jumping more than 200% to roughly $533 million, placing Aster among the day’s top losers as broader market sentiment deteriorated.
Why the Aster Coin Is Falling Today
The immediate trigger behind the selloff was Stage 3 airdrop unlocks, which were released without vesting and quickly hit the market. On-chain data shows heavy distribution from large holders, including a single whale that sold roughly 13.44 million ASTER, worth about $13 million, directly to Binance.
That supply surge overwhelmed bid-side liquidity and accelerated losses once price slipped below $0.91, a psychological floor that had held since September.
Macro conditions amplified the move. The Crypto Fear & Greed Index sank to 24, while Bitcoin slid toward $86,000 on December 15, prompting traders to exit higher-risk altcoins. As a result, Aster Coin news around unlocks and leverage risk fed into a broader risk-off rotation.
Notably, selling pressure arrived despite strong platform activity. Aster topped perpetual exchange rankings with $6.56 billion in 24-hour volume, outpacing rivals such as Lighter and Hyperliquid.
The team has also been actively supporting the token, buying back 29.3 million $ASTER last week using 28 million USDT at an average price near $0.95. Cumulative repurchases now exceed $214 million, removing more than 7% of the circulating supply. Still, the market prioritized near-term dilution risk over longer-term supply reduction.
Aster Price Outlook in the Near Term
Technical data shows the trend remains decisively bearish. ASTER Coin is trading below all major daily moving averages, with TradingView signals showing “strong sell” across both oscillators and EMAs. RSI sits near the low-30s, indicating sustained downside momentum without a clear bullish divergence, while MACD and momentum indicators remain negative.
Analyst Ardi warned that the Aster price has already tagged its downside target near $0.81 and is now testing the chart’s major macro low. According to his analysis, failure to form a double bottom opens the door to the ~$0.73 region, which marks the next meaningful downside level.
In practical terms, the Aster Coin price prediction hinges on two levels. Above $0.85 would suggest stabilization and absorption of unlock-related selling. Below $0.78 keeps downside risk toward $0.73 firmly in play.
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