The ASTER token is having a breakout week, surging over 12% in the past 24 hours and becoming the world’s top decentralized perpetual exchange (PERPS DEX) with $12 billion in trading volume.
The launch of Phase 4 – Aster Harvest and Coinbase’s decision to add ASTER to its listing roadmap has sparked renewed optimism that the project could regain its previous all-time high (ATH), even though the price remains 53% below peak levels.
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Phase 4: Key milestones in Aster’s expansion journey
According to the project’s official announcement, Phase 4, titled “Aster Harvest,” has officially begun. This phase will allocate an additional 1.5% of the total ASTER supply, distributed evenly over 6-week epochs (0.25% per epoch).
At the same time, Aster DEX increased its repurchase rate to $7,500 per minute, demonstrating a strong commitment to supply management and long-term price stability.
Another important catalyst comes from Coinbase adding ASTER to its official listing roadmap. The move not only provides strong publicity, but also provides a potential gateway for institutional capital inflows should ASTER secure full listing on a US exchange.
According to DeFiLlama data, Aster DEX currently leads all decentralized perpetual exchanges (perp DEX) in daily trading volume, with trading volume exceeding $12 billion. This growth signals Aster’s growing dominance in the perpetual futures segment, a sector increasingly seen as the “backbone” of next-generation DeFi.
The combination of an aggressive buyback program and a potential Coinbase listing could act as a dual catalyst to move ASTER out of its long consolidation phase and into a new growth cycle. However, market liquidity and broad sentiment still pose short-term risks.
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Technical analysis: Signs of a breakout from the ascending triangle
From a technical perspective, several analysts have noted that bullish momentum is forming on the ASTER/USDT chart. According to one market observer, a symmetrical triangle pattern is emerging with a strong pullback from the point of control (PoC) support zone. A successful break above the triangular resistance line could trigger a strong bullish rebound.
Another X analyst highlighted that the price remains solid within an ascending triangle with resistance near $1.16 and support near $1.09. A clear move above $1.29 could invalidate the previous bearish structure and open the door to higher targets.
“The most likely scenario at the moment is a clean break above $1.16 and then a retest of the zone turning into support. If it can sustain that level, it would confirm the strength of the breakout and pave the way for $1.19 > $1.29,” the analyst commented.
Additionally, analyst Captain Fybic acknowledged that after 50 days of consolidation, the falling wedge pattern has finally broken out, providing another signal confirming the short-term bullish bias.
With rising volume and multiple technical indicators pointing to a possible breakout, Aster DEX looks well-positioned for further upside. Additionally, Kikjira has accumulated $53 million in tokens, demonstrating renewed confidence and growth potential in the market.
Still, the $1.29-$1.35 zone will serve as a key test to determine if ASTER has enough momentum to challenge the previous ATH.
at the time PublicaASTER is currently trading at $1.06, down 3.9% over the past 24 hours after soaring above $1.16 at one point. The current price is still 53% lower than the previous ATH.
