Aster Rebounds 10% as Bulls Reclaim Momentum After CZ-Fueled Rally
Aster (ASTER), the decentralized exchange token that shot up more than 30% after Binance co-founder Changpeng "CZ" Zhao revealed a $2.5M
Quick overview
- Aster (ASTER) has seen a significant price increase, rising over 30% after Binance co-founder CZ Zhao announced a personal investment of $2.5 million.
- Despite bullish sentiment from CZ, some market whales have opened large short positions, indicating skepticism about the rally's sustainability.
- Today's 10% rise has improved ASTER's technical outlook, with the token testing a key resistance level at $1.29.
- If ASTER breaks above $1.29, it could potentially rise to $1.59, but failure to do so may lead to a decline towards the $0.93 support level.
Aster (ASTER), the decentralized exchange token that shot up more than 30% after Binance co-founder Changpeng “CZ” Zhao revealed a $2.5 million personal interest, is back on the rise. At the time of writing, ASTER was trading above $1, and in the last 24 hours, it has risen almost 10% as increased buying interest confirms the weekend bounce and threatens negative stance.
The extraordinary weekend rally, which saw ASTER rise from $0.91 to a height of $1.26 on Sunday after CZ said he was buying about 2 million tokens “using my own money on Binance,” was a typical example of a price surge driven by a story. CZ’s rare public endorsement—his first statement of a token purchase outside of BNB in eight years—caused a huge spike in speculative demand, with trading volume rising from $224 million to over $2 billion in only 24 hours.
Aster’s Market Dynamics: Whales Betting Against the Rally
Even though CZ was bullish and said he wasn’t a trader but preferred to “buy and hold,” the market seemed to be split at first. Two well-known whales opened large short positions, which shows that they don’t think the rally will last. One trader put up a huge short position of 42.97 million ASTER valued $52.8 million, with a liquidation price of $2. Another trader set up a short position of 15.3 million tokens worth $19.1 million, with a liquidation price of $2.11. But today’s 10% rise shows that these bears may be feeling the heat as bulls take back control.
The negative position shows that people are worried about ASTER’s fundamentals. The coin came out of a rebranding in September 2025 after Astherus and APX Finance amalgamated. There are 8 billion tokens in total, with more than half going to community rewards, airdrops, and strategic distribution. The site calls itself a hybrid DEX that offers perpetuals and spot trading with features like secret orders and high leverage, yet it has to compete with well-known companies like HYPE.
ASTER/USD Technical Analysis: Bulls Defend Key Support and Eye Breakout
Today’s recovery has improved ASTER’s technical setup on the 4-hour chart. The 27% rise on Sunday briefly broke the token out of a falling channel pattern. After a short period of consolidation, buying pressure has returned. The token was able to hold on to the $1 level, which is a psychological threshold, and is currently testing resistance at $1.29, which is a key breakout mark that might decide what happens next.
The Relative Strength Index (RSI) on the 4-hour timeframe is currently at 60, which means that purchasing is picking up again but hasn’t yet reached overbought levels. The MACD and signal lines, which were previously moving together in a bearish way, have settled down. This means that the pullback may have been a healthy correction instead of a trend reversal.
Aster Price Prediction: Bullish Momentum Building
Bullish scenario, today’s 10% increase puts ASTER in a good position to attack the $1.29 resistance level. If the token breaks above this level, it might rise to $1.59, the high from October 13, which would be a gain of about 35–40% from where it is now. If the momentum keeps going, it might bring in more buyers and squeeze the whale short positions, which could make the rise even bigger.
Bearish scenario: There is still a risk if ASTER doesn’t break $1.29 today, even though it is strong. If the token is turned down at this level and then goes below $1, it could test the $0.93 support level again, which was the low on October 23. If the price stays below $0.93 for a long time, the falling channel breakthrough will be invalidated, and there may be more selling pressure toward $0.80–$0.85.
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