ASTER coin price is trading around $0.58 after falling 3.23% over the last 24 hours, extending a week-long slide. Price has ranged from $0.5421 to $0.5991 during the session. Trading activity remains elevated, with 24-hour volume up roughly 22% to about $186.8 million.
Despite the launch of Stage 6 buybacks, ASTER price continues to drift lower, weighed down by broad crypto weakness and aggressive derivatives-led selling. The token now has a market capitalization of nearly $1.47 billion, well below its $2.42 all-time high reached last fall.
The dominant theme in ASTER coin price action remains imbalance: structural support from buybacks on one side, and heavy forced selling on the other.
Aster Launches Stage 6 Buybacks as CEO Pushes Back on FUD
Aster initiated Stage 6 of its buyback program on February 4, committing 40% of protocol fees to daily market purchases and allocating an additional 20–40% toward a strategic reserve intended to smooth volatility. On-chain data shows roughly $1.6 million in ASTER bought back over the last 24 hours.
That flow has been overshadowed by about $15 million in long liquidations alongside substantial spot selling totaling 79.6 million ASTER. Traders appear to be using strength to reduce exposure rather than accumulate.
Chief executive Leonard Aster also addressed circulating allegations of hidden control by Binance co-founder CZ and YZi Labs, stating that Aster operates independently and that YZi Labs’ investment is locked in for the long term.
He disclosed that the protocol has already bought back 254 million tokens, burned 78 million, and relocked another 78 million into the airdrop allocation, with remaining repurchased tokens planned for future burns.
The team has positioned buybacks as a bridge to upcoming catalysts, including staking, a privacy-focused Layer-1 blockchain expected in March, UI upgrades, and deeper liquidity across more assets. For now, traders are treating these developments as medium-term positives rather than near-term ASTER price drivers.
ASTER Coin Price Tests Support; Momentum Indicators Turn Mixed
The ASTER price has broken below its 7-day simple moving average at $0.587 and remains well below the 30-day SMA at $0.664, keeping the short-term trend tilted lower.
On the weekly timeframe, oscillators lean constructive. The Relative Strength Index sits near 23, while the Williams Percent Range is around -92, both consistent with deeply oversold conditions. Stochastic %K and momentum readings also flash buy signals, suggesting selling pressure may be losing intensity.
Moving averages tell a different story. The 10-period EMA and SMA both signal a sell, indicating persistent overhead pressure. The Hull Moving Average prints a buy signal near $0.537, aligning with the session low at $0.5421 as a zone where buyers have begun to step in.
A widely followed trader, Crypto Tony, has highlighted $0.60 as a level to reclaim before considering long exposure, with upside toward $0.633 if the coin recovers that threshold.
At the moment, ASTER coin price remains trapped between oversold momentum and bearish trend structure. Until price can reclaim short-term averages, rallies are likely to meet supply, while downside attempts are being watched closely around the mid-$0.50 area.
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