- ASTER token is hovering near crucial support between $1.03 and $1.00.
- A break below $1.00 could trigger further declines toward $0.90.
- Despite the Aster team’s Friday buyback announcement, the outlook remains cautious.
Aster DEX, backed by YZi Labs and associated with Binance co-founder Changpeng Zhao, has launched a significant buyback program to support its native token, ASTER.
The plan announced earlier today proposes allocating 70–80% of S3 fees to ASTER buybacks, with the exact allocation depending on market conditions and final results to be disclosed after S3 concludes.
Even with this aggressive measure, market data and technical indicators suggest ASTER still faces substantial risk of falling below the key psychological support at $1.00.
Aster team plans substantial token buybacks
ASTER is currently trading around $1.06, holding only a modest gain or near break-even level.
However, the DEX token has experienced significant selling pressure over the past week and month.
On Friday, despite an earlier uptick, the token failed to sustain gains.
Intraday strength met resistance near $1.12–$1.15, producing a rejection and subsequent sell-off following the ASTER 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 did ASTER fall today?
On Thursday, Aster declined amid negative headlines, and the token’s price action now reflects a fragile market with technical indicators pointing to potential downside risk.
Notably, ASTER has lost over 55% of its value since peaking at $2.42 in September.
Momentum from exchange platforms that once challenged or even surpassed Hyperliquid has faded. Although the token’s 24-hour volume remains solid, it has dipped below $800 million.
Broader crypto market dynamics have added to the pressure.
On Friday, the U.S. Bureau of Labor Statistics released the September consumer price index (CPI) data. After an initial rally alongside equities, Bitcoin, Ethereum and most cryptocurrencies struggled to maintain gains.
The CPI showed cooling inflation but did not spark sustained bullish momentum across the crypto sector.
At the time of writing, the Dow Jones Industrial Average had surged over 530 points, yet Bitcoin failed to reclaim higher levels and ETH gave back gains from near $4,000.
Despite the team’s buyback announcement, ASTER’s price action continues to reflect a cautious outlook.
Will ASTER drop below $1.00?
Technical indicators highlight that the current price sits at a critical support zone.
A break below $1.03 would likely empower bears toward the $0.93–$0.97 area, with a possible slide to $0.90.
On the upside, strong resistance stands at $1.12–$1.15; a decisive break above $1.24 could fuel further upside toward $1.60.
Maintaining a price above $1.00 is crucial for any bullish case to remain intact.
The execution of the buyback program and a more stable broader market will be key to attracting buyers.
Institutional backing and ASTER’s multi-chain architecture could provide a foundation for recovery.
Nevertheless, the overall outlook for the crypto market suggests persistent uncertainty that may deter short-term holders.