Aster regains its growth momentum by implementing the token acquisition program phase 5.

Aster is trading around 0.70 USD at the time of writing on Tuesday, as the crypto market continues to make efforts to bounce back, although the bullish momentum remains relatively slow. The native Token of the (DEX) decentralized exchange specializing in perpetual contracts has surged over 9% from the historical low of 0.65 USD recorded on Friday, signaling that a bullish trend is gradually forming.

Nevertheless, investors still need to maintain caution, as significant selling pressure has been recorded in the price range of 0.74–0.75 USD, where a large supply zone has formed and may hinder the bullish momentum in the short term.

Aster expands token buyback program

Aster has officially announced the implementation of its fifth token buyback program, marking the next step in its strategy to strengthen the tokenomics platform and build long-term value for the ASTER community. The program is designed to create a structured support mechanism to enhance the sustainability of the entire ecosystem.

According to the plan, starting from Tuesday this week, Aster will allocate up to 80% of the platform fee revenue generated each day to repurchase ASTER tokens. The information was shared in a post on X, stating that the program will be implemented in two distinct phases.

The first phase involves daily automatic buybacks at a rate of 40%, acting as a stable on-chain support layer, while gradually reducing the circulating supply of tokens in the market. The next phase is the “Strategic Buyback Reserve Fund,” which accounts for 20% to 40%, activated flexibly depending on market trends and conditions.

“This reserve fund allows us to proactively adapt to fluctuations and optimize our ability to create value when suitable opportunities arise,” an Aster representative shared.

In the field of cryptocurrency, buying back tokens is a common mechanism aimed at reducing the circulating supply, thereby limiting potential selling pressure. Although the impact of buyback activities may not immediately reflect on the price, consistent and strategic implementation is seen as a crucial factor in building sustainable value for the community and ecosystem in the long term.

Technical Outlook: Has Aster begun a bounce back?

Aster's price is maintaining above the 0.70 USD mark at the time of writing on Tuesday, indicating that the market is in a cautious accumulation phase. The short-term outlook for this token leans towards a neutral to slightly bullish state, as reflected by the relative strength index (RSI) reaching 46 on the 4-hour timeframe. However, to confirm a clear and more sustainable upward trend, the RSI needs to decisively break above the neutral threshold of 50.

Daily chart of ASTER/USDT | Source: TradingViewMeanwhile, the MACD indicator still maintains the buy signal activated from the end of last week on the same timeframe. The continued expansion of the green histogram bars above the average line indicates that bullish momentum is gradually being reinforced, which may encourage new capital to enter the crypto market. If this scenario continues, the price of Aster is likely to head towards the 50-period exponential moving average EMA( around the 0.76 USD region.

However, the MACD is still in the negative zone, implying that the risk of a correction has not been completely eliminated. Selling pressure may return and pull the price down below the 0.70 USD mark. In this context, traders need to pay special attention to the important support zone at 0.68 USD, as well as the record low of 0.65 USD – thresholds that could play a key role in determining the next trend of Aster.

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