- •ASTER defends $1.77–$1.79 support, creating a base for a possible rebound toward $1.95 amid cautious trading activity.
- •Profit-taking before the October 5 airdrop drove a 22% drop, but demand has re-entered with renewed buying at lower levels.
- •Ecosystem growth, including $250M TVL in Prime Vault, offsets short-term volatility from speculative flows in ASTER and RIVER.
ASTER is trading in a consolidation phase, with traders carefully monitoring the $1.77–$1.79 support zone as the market stabilizes. This level has become the focal point for buyers and sellers after recent swings in both directions.
Consolidation at Crucial Support
The ASTER/USDT four‑hour chart shows price action repeatedly testing the $1.77–$1.79 area, where responsive buying has so far defended support. This has prevented a decisive breakdown and reflects that some traders view the zone as a meaningful base.
Earlier this week, ASTER rallied strongly into the $2.20–$2.25 range before momentum faded, resulting in a retracement. The decline returned price to this support band, where market participants such as Muro (@MuroCrypto) remain cautiously positioned. His comment, “Seems it’s bouncing for now… still valid, and I got in but ready to cut in case it comes back down,” captures the prevailing sentiment of guarded optimism.
For bulls, defending this base is essential. A long‑term position here may open an opportunity for a rebound that may lead to $1.90‑1.95 and eventually to $2.05‑2.10 in case of momentum. A failure to sustain the level, though, will put the price in deeper decline to the level of $1.69 or even lower to $1.55.
Market Activity and Airdrop Dynamics
Beyond the chart, broader market activity reflects the aftershocks of recent profit‑taking. ASTER dropped over 22% earlier, likely tied to traders cashing out ahead of the October 5 airdrop. The correction pressured price into near‑term lows, yet today’s rebound demonstrates renewed demand at discounted levels.
As of the time of writing, ASTER is trading at $1.91, up 7.2% in the past 24 hours. Market capitalization is now $3.17 billion, while trading volume cooled by nearly 10% to $1.25 billion. A Vol/Mkt Cap ratio of 39.41% still suggests strong liquidity and active turnover, despite the recent decline.
With a circulating supply of 1.65 billion tokens against a maximum of 8 billion, ASTER remains in an early issuance stage. More than 113 000 holders are currently engaged, although the upcoming airdrop may temporarily shift token distribution as traders rebalance.
Ecosystem Strength Amid Volatility
Despite short‑term speculative flows, ecosystem activity shows resilience. Prime Vault launched with impressive momentum, attracting $250 million in TVL in a single day. This rapid inflow indicates that capital remains willing to back ASTER’s broader use cases, even during volatile periods.
Market peers also reflect ecosystem traction. $RIVER, a related asset, has shown volatility, falling 17.6% over the week but rebounding 13% in the past 24 hours. Analysts note RIVER’s active trading on Bitget spot and its 67 000 RIVER Candybomb Airdrop prize pool, which continue to drive engagement.
Such developments contribute to maintaining broader confidence. Cross‑asset participation often supports sentiment, and ASTER’s growing activity base complements the technical defense visible on the chart. Together, these factors point toward a balanced outlook where price stability depends on defending the near‑term support zone.