- Aster’s price jumped above $1 on November 5, 2025, bucking the broader crypto market trend.
- Bulls could target $2 if the price holds above the psychological level.
- The macroeconomic environment may play a key role in Aster’s recovery or decline.
ASTER, the native token of the decentralized perpetual and spot trading exchange Aster, has surged into double-digit gains and is currently trading just above $1.
This rise comes even as the wider cryptocurrency market struggles with broad selling pressure and a roughly 3% drop in total crypto market capitalization.
Specifically, ASTER climbed more than 15% to intraday highs of $1.06, with bulls reclaiming the $1 psychological level amid a 17% increase in daily trading volume.
Bulls take control as Aster reclaims the $1 level
The gains have allowed the DEX native token to go against the overall market trend.
A crypto-wide sell-off over the past 48 hours pushed Bitcoin below $100,000 and triggered more than $1.7 billion in liquidations of leveraged positions within 24 hours.
Despite that, Aster’s market capitalization rose about 15% to more than $2.07 billion at the time of writing.
Aster’s outperformance amid broader weakness follows an earlier sharp swing that lifted prices from lows of $0.91 to over $1.24 on November 2, 2025.
Although bears later reclaimed momentum, that price swing was supported by a positive sentiment boost after Binance founder Changpeng Zhao disclosed buying 2.09 million ASTER tokens.
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
The post from Zhao catalyzed a bullish turn that sent Aster’s price higher while daily volume jumped tenfold as buying pressure increased.
However, that rally was checked when crypto markets plunged alongside equities amid macro headwinds.
DeFi exploits and other negative headlines also weighed on bulls, and ASTER fell to a low of $0.83 on November 4.
Is ASTER set to retest $2?
As noted, the token dipped to $0.83 this week, a level that also acted as important support during the late-October sell-off.
Weakening sentiment as Bitcoin and Ethereum suffered during the crypto rout threatened a breakdown toward $0.75.
Still, buyers have reclaimed recent losses and pushed the token back above $1, a key level that buyers tested again over the past 24 hours.
These gains occurred alongside a roughly 12% rise in daily volume, with $1.56 billion traded in the last 24 hours, as increasing purchases helped ASTER hold the psychological threshold.
On the charts, the price remains within an overall downtrend, but the following technical signals are notable.
Aster price chart by TradingView
A breakout from a descending wedge pattern and the strength seen on the recent retest suggest bulls could have a short-term shot at $1.55.
That area marked a local peak in mid-October, and above it sits the $2 level.
The relative strength index is slightly tilted near 52, remaining above the neutral midpoint.
Likewise, the MACD on the four-hour chart indicates a bullish crossover, adding to the short-term bullish case if momentum continues.