Aster price risks dip below $1 despite major buyback plan
The post Aster price risks dip below $1 despite major buyback plan appeared on BitcoinEthereumNews.com.
The ASTER token is teetering near a critical support level of $1.03-$1.00. A potential drop below $1 risks triggering further declines to $0.90. The outlook is despite a buyback plan the Aster team announced on Friday. Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, has unveiled a significant buyback initiative to bolster its native token, ASTER. Announced earlier today, the plan proposes allocating 70-80% of Season 3 fees toward ASTER buybacks, contingent on market conditions. However, despite this bold move, market data and technical outlook suggest that ASTER faces substantial risks of dipping below the critical $1 psychological support level. Aster team plans major token buyback The ASTER token is currently trading at $1.06, just in the red. However, the DEX token faces notable selling pressure as has been seen in the past week and month. On Friday, the cryptocurrency failed to climb despite earlier gains. Intraday upticks saw the altcoin’s price reject in the $1.12 and $1.15 region, with gains and the subsequent selling pressure coming amid a major ASTER buyback announcement. Buyback Announcement: ASTER is currently targeting 70-80% of S3 fees for $ASTER buybacks, exact allocation will depend on market conditions and final results will be released following conclusion of S3. As a growing project, and in these uncertain market conditions, it’s… — Aster (@Aster_DEX) October 24, 2025 Why is ASTER price down today? Aster fell amid negative news on Thursday. Today, the token’s price action reflects a fragile market, with technical indicators pointing to potential downside risks. Notably, Aster has lost over 55% of its value since the peak of $2.42 reached in September. The rally that saw the exchange platform challenge and even surpass Hyperliquid in volume has dissipated, and the altcoin’s 24-hour trading volume, while robust, has…
Filed under: News - @ October 24, 2025 6:28 pm