Aster’s price shows signs of an early reversal, boosted by a $70 million buyback and a new listing on Coinbase, amid a challenging week for the broader crypto market. At press time, Aster traded at $1.25, down 4.2% over the past 24 hours but up 22% over the past week and 19% over the past month.
Trading volume reached $953 million in 24 hours, a 27% increase, while futures activity rose to $2.4 billion, though open interest fell 6.6% to $552 million, suggesting traders are rotating out of older positions rather than adding new risk.
The recent optimism stems from Aster’s Stage 3 buyback, completed on November 20. The project acquired 55.7 million ASTER tokens, bringing the total to 155.7 million, worth roughly $70 million.
Half of these tokens will be burned on December 5, with the remainder locked for future airdrops. Stage 4 buybacks are set to start on December 10, supported by 60–90% of protocol fees.
The same day, Coinbase launched ASTER trading, giving U.S. retail and institutional investors access. Early trading lifted spot prices from $1.14 to $1.37 before settling in the current range. Coinbase saw over $1 million in volume within hours, helping ease market concerns.
Technically, Aster is forming a rounded bottom, suggesting sellers are losing control while buyers return. The relative strength index (RSI) has rebounded from oversold levels, and short-term momentum indicators show a slight positive bias.
If the crypto market holds steady, analysts say the next target could be $1.38–$1.50, with a potential breakout toward $2. Conversely, a drop below $1.10–$1.15 could weaken the bullish setup and trigger a bearish move.
