Foreign media: ASTER retraces its weekly gains and approaches key support.
AMBCrypto
06-20 06:22
Ai Focus
ASTER gave back its weekly gains, with foreign media reporting that it is approaching the $0.60 support level in the short term, and its buyback and burn program may provide medium-term support.
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ASTER previously surged due to adjustments in token economics, but subsequently retreated along with the overall crypto market, essentially erasing its weekly gains. Foreign media reports suggest this rally was primarily driven by buyback expectations, but short-term selling pressure and broader market corrections limited its sustainability.

99% of revenue is intended for share buybacks.

According to Aster's latest plan, 99% of the protocol's revenue will be used for token buybacks, a design similar to Hyperliquid's approach. The article states that if this mechanism continues, it could theoretically burn approximately 5 billion ASTER tokens.

This adjustment initially spurred the token to rise from $0.63 to above $0.82, a weekly gain of 28%. However, the rally subsequently stalled, and the price returned to the vicinity of the previous support zone.

Short-term focus is on the $0.60 area.

Foreign media believe that, based on the 12-hour chart, the market remains bearish, with sellers currently in control. After a pullback of approximately 24%, the price is approaching the $0.60 support level established in June.

If the market correction continues, the price could potentially fall further to $0.55. The article considers $0.55 and $0.60 as relatively important short-term support levels.

If the market experiences a technical rebound, the first resistance level to watch is around the 200-day moving average, which is approximately $0.70. This means that if sentiment improves, prices may have some room to rise, but this is contingent on the overall market stabilizing.

Whether it can outperform the altcoin market remains to be seen.

The article also mentions that Aster is continuing to strengthen its tokenization narrative, a direction some analysts see as beneficial for related tokens in the medium to long term. However, the overall altcoin market is not uniform, with funds still largely concentrated in Bitcoin.

The article cites the ETH/BTC ratio as one of the indicators for observing the strength of altcoins, and points out that the ratio has turned downward after rebounding in the second and third quarters of 2025, indicating that Bitcoin is still the main theme of the market.

However, looking at the past 30 days alone, ASTER still outperformed Bitcoin. The article states that Bitcoin fell by about 18% during the same period, while ASTER fell by about 9%. But compared to tokens with higher gains such as HYPE and WLD, ASTER's relative strength is not particularly outstanding.

Overall, foreign media believe that buybacks and potential burn targets may still be supporting factors for ASTER's medium-term recovery, but the short-term direction still depends on whether the overall risk appetite in the crypto market improves.

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