- The ASTER token is hovering near the critical support zone of $1.03–$1.00.
- A drop below $1.00 could open the door to further declines toward $0.90.
- These risks persist despite a buyback plan announced by the Aster team on Friday.
Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co‑founder Changpeng Zhao, announced a significant buyback initiative aimed at strengthening its native token, ASTER.
The plan revealed today proposes allocating 70–80% of Season 3 fees to ASTER buybacks, with the exact percentage to depend on market conditions.
Despite this decisive move, market data and technical outlooks indicate that ASTER still faces considerable downside risk and could fall below the important psychological support level of $1.00.
Aster team announces sizable token buyback
ASTER is currently trading around $1.06, slightly in the red.
The DEX token has been under notable selling pressure, visible across the past week and month.
On Friday the cryptocurrency failed to sustain gains made earlier in the day.
Daily rallies pushed the altcoin toward resistance around $1.12–$1.15, but profits and consequent selling pressure emerged following the buyback announcement.
Buyback Announcement:
ASTER is currently targeting 70-80% of S3 fees for $ASTER buybacks, exact allocation will depend on market conditions and final results will be released following conclusion of S3.
As a growing project, and in these uncertain market conditions, it’s…
— Aster (@Aster_DEX) October 24, 2025
Why is ASTER trading lower today?
Aster declined on Thursday amid negative news and, today, its price action reflects a fragile market and bearish technical signals.
Notably, ASTER has lost over 55% of its value from the September peak of $2.42.
The rally that once positioned the platform to rival and even outpace peers in volume has cooled, and the 24‑hour trading volume, while still meaningful, has dropped below $800 million.
Market sentiment remains strained given broader cryptocurrency market movements.
On Friday, after high expectations, the U.S. Bureau of Labor Statistics released the consumer price index for September.
Following an initial uptick alongside equities, Bitcoin, Ethereum and most cryptocurrencies showed muted price action.
The U.S. CPI report, which signaled cooling inflation, failed to spark lasting momentum across the crypto sector.
While the Dow Jones Industrial Average rose by more than 530 points at the time of writing, Bitcoin did not break above $111,000 and Ether trimmed gains from near $4,000.
ASTER’s price mirrored that subdued tone despite the team’s buyback announcement.
Could ASTER fall below $1.00?
Technical indicators emphasize that the current price sits within a critical support zone.
A breach below $1.03 would likely embolden bears, pushing price into the $0.93–$0.97 area, with a possible drop to the $0.90 floor.
Conversely, strong resistance lies at $1.12–$1.15, and a decisive breakout above $1.24 could generate bullish momentum toward $1.52 and then $1.60.
Aster price chart from TradingView
Ultimately, ASTER’s ability to hold above $1.00 is crucial for the near‑term outlook.
Successful execution of the buyback program and wider market stabilization will be essential to attract buyers.
Institutional support for the token and its multi‑chain architecture could also provide a foundation for recovery.
However, prevailing uncertainty in the crypto market may deter short‑term holders and keep volatility elevated.