Aster coin is trading around $0.62, up about 16% over the past 24 hours, one of the biggest moves among the top 100 cryptocurrencies. The ASTER price ranged from $0.54 to $0.65 during this period, as buyers continued to purchase. Trading volume also increased by 24.32% to around $219.6 million, indicating increased participation.
While the broader market attempted to stabilize after a steep 30-day drawdown, capital rotated aggressively into higher beta names. Aster’s roughly 16.9% surge, relative to a low single-digit market gain, indicates concentrated buying rather than passive market lift.
Whale Accumulation and Token Economics Support Risk Appetite
Cryptocurrency prices firmed as large holders accumulated Bitcoin and Ethereum, reducing supply on exchanges. One wallet withdrew 3,500 BTC, worth around $249 million, from Binance on February 8, while another acquired 20,000 ETH, valued at approximately $40 million.
This followed a month marked by extreme fear, with the Fear & Greed Index at 5 and a 23% market decline, creating classic dip-buying conditions.
Against that backdrop, Aster benefited from renewed risk tolerance. Leonard Aster, CEO of Aster DEX, reported a cumulative burn of approximately 177 million ASTER tokens across stages S2–S5, representing roughly 9% of the post-burn circulating supply of approximately 2.47 billion.
The burn, executed on February 5, used buybacks funded by trading fees on the BNB Chain-based perpetual DEX. Supply remains capped at 8 billion, although ongoing S6 airdrop emissions, representing about 0.8% of the allocation, continue to temper the deflation narrative.
Aster Price Breaks Five-Month Downtrend as Buyers Reclaim Control
The technical structure for the ASTER price has improved decisively. Coin Compass notes that Aster has broken above a descending trendline that capped the price for roughly five months, marking a clear shift in control from sellers to buyers.
The breakout occurred with expanding volume, reinforcing that the move was not purely mechanical. Attention is now on whether the Aster coin price can sustain acceptance above former resistance before any attempt to reclaim the $1.00 area.
Ardi, another technical analyst, highlights a clean inverse head-and-shoulders formation paired with a sharp V-shaped reversal from the lows, a pattern consistent with aggressive dip buying rather than gradual accumulation.
From that base, the Aster coin price has already recovered roughly 50%. He identifies $0.60 as immediate structural support, with $0.56 acting as the deeper line that must hold to preserve trend continuation.
TradingView’s daily indicators align with this view. Both oscillators and moving averages lean bullish, suggesting momentum is building rather than stalling, and that buyers remain active on pullbacks.
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