- The price of Aster surged past $1 on November 5, 2025, defying the broader crypto market trend.
- Bulls could target $2 if the token stays above the psychological level.
- The macro environment could play a decisive role in Aster’s recovery or a further sell-off.
ASTER, the native token of the decentralized perpetual and spot exchange Aster, delivered double-digit gains and is currently trading above $1.
This movement occurred even as the wider crypto market faced heavy selling pressure, with global crypto market capitalization falling by about 3%.
Specifically, ASTER rose more than 15% to intraday highs of $1.06, reclaiming the key $1 psychological level while daily trading volume jumped roughly 17%.
Bulls take control as Aster reclaims the $1 level
The gains have allowed the DEX’s native token to buck the broader market downtrend.
Crypto markets suffered a sharp setback over the past 48 hours that pushed Bitcoin under $100,000 and triggered over $1.7 billion in liquidations of leveraged positions within 24 hours.
Despite this weakness, Aster’s market capitalization rose about 15% to roughly $2.07 billion at the time of writing.
Aster’s climb, despite wider market challenges, follows a recent volatile swing that saw bulls lift the token from $0.91 lows to above $1.24 on November 2, 2025.
Although bears later reclaimed some control, the price reversal benefited from a bullish sentiment boost after Binance founder Changpeng Zhao disclosed a purchase of 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
Zhao’s post catalyzed an upward reversal that pushed Aster’s price higher while daily volume surged tenfold amid increased buying pressure.
However, that upside momentum later encountered strong resistance as crypto and equity markets sold off under unfavorable macro conditions.
Security incidents in decentralized finance also undermined bulls, and ASTER fell to $0.83 lows on November 4.
Is ASTER set for a fresh run at $2?
As noted, the token dipped to $0.83 this week, a key support area previously tested when prices fell at the end of October.
Weakening sentiment as Bitcoin and Ethereum slid during the broader crypto rout threatened further downside toward $0.75.
Yet buyers reclaimed recent losses and pushed ASTER back above $1, a critical threshold that has been retested over the past 24 hours.
These gains coincided with a roughly 12% rise in daily volume, with about $1.56 billion traded in the last 24 hours as heightened buying helped keep ASTER above the psychological mark.
On the charts, the price is still within a broader downtrend. See the chart below.
Still, a breakout from a descending wedge pattern and a strong retest suggest bulls may have a short-term opportunity to target $1.55.
That area marked a local peak in mid-October, and above it sits the $2 level.
The relative strength index (RSI) sits slightly tilted near 52, remaining above the neutral threshold.
Similarly, the MACD on the 4-hour chart signals a bullish crossover, supporting the case for further upside if buyers maintain momentum.