- The ASTER token hovers near a critical support level of $1.03 to $1.00.
- A potential drop below $1.00 could trigger further declines toward $0.90.
- These risks persist despite a buyback plan announced Friday by the Aster team.
Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, unveiled a sizable buyback initiative aimed at supporting its native token, ASTER.
Announced earlier in the day, the plan proposes allocating 70–80% of Season 3 fees to ASTER buybacks, with the final allocation depending on market conditions.
Despite this bold move, market data and technical indicators suggest ASTER faces meaningful risk of slipping below the psychological $1.00 support level.
The Aster team plans a major token buyback
ASTER is currently trading around $1.06, slightly in the red.
The DEX token has suffered noticeable selling pressure over the past week and month.
On Friday, the cryptocurrency failed to sustain gains made earlier in the session.
Intraday rallies saw the altcoin rejected in the $1.12–$1.15 zone, with selling pressure emerging amid a major buyback announcement by the Aster team.
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’s price down today?
Aster fell amid negative news on Thursday, and the token’s price action today reflects a fragile market, with technical indicators pointing to potential downside risk.
Notably, ASTER has lost more than 55% of its value from a $2.42 peak reached in September.
The rally that allowed the exchange to challenge and even surpass Hyperliquid in volume has faded, and the altcoin’s 24-hour trading volume, while still substantial, has dropped below $800 million.
Market sentiment remains strained against a backdrop of mixed action across the broader cryptocurrency market.
On Friday, after heavy anticipation, the U.S. Bureau of Labor Statistics released the September Consumer Price Index data.
Following an initial uptick alongside equities, Bitcoin, Ethereum and most cryptocurrencies displayed only muted movement.
The U.S. CPI report, which pointed to a slowdown in inflation, failed to spark sustained bullish momentum across crypto markets.
While the Dow Jones Industrial Average rose by more than 530 points at the time of reporting, Bitcoin did not break clearly higher and ETH pared gains near $4,000.
Aster’s price action showed similar caution despite the team’s buyback announcement.
Could ASTER dump below $1.00?
Technical indicators highlight that the current price sits within a critical support zone.
A drop below $1.03 could embolden bears, placing pressure in the $0.93–$0.97 region. ASTER could fall to a low of around $0.90 if selling intensifies.
On the upside, strong resistance sits between $1.12 and $1.15, and a decisive break above $1.24 could spur bullish momentum toward $1.52 and then $1.60.
Aster price chart – TradingView
In any scenario, ASTER’s ability to hold above $1.00 is crucial for a bullish outlook.
Successful execution of the buyback plan and broader market stabilization will be essential to attract buyers.
Institutional support and the token’s multi-chain architecture could provide a foundation for recovery, but overall crypto market uncertainty may discourage short-term holders.