Key Insights
- •Aster price is consolidating below $0.76 as derivatives activity rises after Binance Wallet introduces perpetual futures trading.
- •Futures volume surged 46% to $816 million, indicating increased market participation and new positions being established.
- •Key support remains around $0.72, while a breakout above $0.76 could retest resistance in the $0.78 to $0.80 zone.
Aster (ASTER) is approaching the $0.76 resistance level following the launch of perpetual futures on Binance Wallet. The move has triggered a sharp rise in trading activity, with daily volume climbing by 45% to $378 million. Despite a minor daily dip of 1.5%, ASTER has gained attention due to increased futures positioning and heightened market participation.
On January 14, Aster’s perpetual futures trading went live via Binance Wallet, enabling users to trade directly from self-custody wallets using leverage of up to 100x. The feature was launched on BNB Smart Chain and includes a campaign offering up to 200,000 USDT in rewards. The rollout supports Aster’s aim to strengthen its integration across multiple wallet platforms, having already partnered with Trust Wallet and SafePal.
Derivatives Data Reflects Fresh Market Interest
According to CoinGlass data, the volume of futures increased by 46% to 816 million, and the amount of open interest increased by 2.15% to 454 million. This growth implies that new positions are being opened and not just the flow of existing ones. The open interest is increasing, which shows a revival of confidence in investors due to recent events in the ecosystem.
Last week, Aster was seen ranging between $0.6847 and $0.7736, and it is currently trading at $0.7402. Having soared almost close to the highs of $0.78, the token has reversed and is currently settling below the resistance. The zone at 0.72-0.73 remains as a support zone, which coincides with the lower Bollinger Band, as well as the past area of consolidation.
Signals Mark a Possible Breakout
Compression is being witnessed in Bollinger Bands that had expanded during the recent rally. The price is starting to rotate around the mid-band at about $0.74, signifying a possibility of a breakout. The Relative Strength Index, which is a momentum indicator, has shifted out of overbought status, and the market is set to experience a potential volatility burst.
In addition to trading, there are a number of future milestones that Aster has to look forward to. Its Layer-1 testnet is running, and the mainnet will be launched in the first quarter of 2026. On-chain staking and governance will be available in Q2. In the meantime, continued competition in trading and incentive programs is also driving increased user traffic.