ASTER Price Crashes 11% in 24H, Floats Dangerously Close to $1 – Is There A Chance for Reversal This Week?

ASTER Crypto Trading Perpetual Futures
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated: 
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Aster has gone down by 11% in the past 24 hours as cryptocurrencies continue to show significant signs of weakness ahead of this week’s inflation report.

Trading volumes for the native asset of this new perpetual futures trading platform jumped by 6% during this period, and remain quite high from a technical standpoint, accounting for more than a quarter of the token’s circulating supply.

Data from DeFi Llama shows that Aster’s total value locked (TVL) peaked at $2.4 billion on October 10 and has dropped by nearly 25% since then. In the past 7 days, $ASTER has booked a 33% loss amid some controversy that the platform engaged in practices to artificially inflate its trading volumes.

According to data from CoinMarketCap, Aster’s 24-hour trading volumes are higher than Hyperliquid’s at $9.8 billion, giving the platform a market share of 36%. However, its 24H open interest is less than half of that of its competitor at $3.2 billion.

Aster Price Analysis: Move to $1 Seems Likely After Bearish Trend Line Breakout

The hourly chart shows that ASTER made two consecutive lower lows, meaning that its uptrend in this lower time frame has been broken.

The token encountered strong selling pressure at $1.25 and went on to drop as the market tanked. Market sentiment indicators remain heavily depressed, as reflected by the Fear and Greed Index, which currently sits at 33 (Fear).

If the downtrend continues, it is highly likely that ASTER will drop to $1. This psychological threshold has already acted as a strong bouncing pad in the 1-hour time frame. However, if the price drops below that mark, the odds favor a much deeper correction toward $0.80 or lower.

Early presales still offer investors the best chance to reap high returns once the market starts to recover. A new project called Pepenode ($PEPENODE) could be one of this cycle’s hidden gems as its innovative mine-to-earn (M2E) game has raised nearly $2 million in a heartbeat.

Pepenode ($PEPENODE) Makes Crypto Mining Fun and Hardware-Free

Crypto mining is a lucrative activity, but it typically requires expensive hardware investments and some degree of technical knowledge.

Pepenode ($PEPENODE) defies that paradigm by introducing the first-ever mine-to-earn (M2E) game. Players can easily set up virtual servers and start mining meme coins right away by launching as many rigs as they want.

The game fosters a competitive environment and compensates top miners with surprising airdrops of tokens like Bonk ($BONK) and Fartcoin ($FARTCOIN). The more rigs you launch, the higher your output will be, and you’ll earn both rewards and bragging rights as your score grows.

As the game’s popularity increases, the demand for $PEPENODE should skyrocket. In addition, there’s a deflationary twist as the project will burn 70% of all tokens used for upgrading rigs.

To buy $PEPENODE and start mining right away, head to the official Pepenode website and connect an Ethereum-compatible wallet like Best Wallet.

You can either swap USDT or ETH for this token or use a bank card to invest.

Buy $PEPENODE here

In the Article
Aster
ASTER
$0.7297
1.07 %

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
At Cryptonews, we aim to make cryptocurrency, blockchain, and Web3 understandable, and information available to everyone, no matter what level you are in your investment journey. Founded in 2017, Cryptonews has been dedicated to delivering reliable, multilingual coverage of the cryptocurrency industry.

Best Crypto ICOs

Discover trending tokens still in presale — early-stage picks with potential.

Explore Our Tools

Smart tools made for everyday crypto users

Market Overview

  • 7d
  • 1m
  • 1y
Market Cap
$3,197,168,095,618
2.88
Trending Crypto

More Articles

Price Analysis
XRP Price Prediction: $1.95 Breakout Puts $2.20 in Focus After 6% Surge
Arslan Butt
Arslan Butt
2026-01-03 11:30:57
Price Analysis
Bitcoin Price Prediction: $89,700 Stalemate Signals Breakout or Reset for 2026
Arslan Butt
Arslan Butt
2026-01-03 10:42:38
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors