Key Takeaways

ASTER token has surged 12% in 24 hours, with $12 billion in trading volume.
Phase 4: Aster Harvest introduces a 1.5% supply release across six weeks.
Coinbase's consideration of ASTER for its listing boosts market confidence.
Aster DEX dominates the perps DEX landscape, indicating its growing influence in DeFi.
Analysts suggest a potential breakout pattern in the price chart, with key resistance levels noted.

Key Takeaways

ASTER token has surged 12% in 24 hours, with $12 billion in trading volume.
Phase 4: Aster Harvest introduces a 1.5% supply release across six weeks.
Coinbase's consideration of ASTER for its listing boosts market confidence.
Aster DEX dominates the perps DEX landscape, indicating its growing influence in DeFi.
Analysts suggest a potential breakout pattern in the price chart, with key resistance levels noted.

ASTER Claims Top Spot Among DEXs with $12 Billion in Volume – Still 53% Below Peak Levels!

The ASTER token is experiencing a remarkable week, gaining over 12% in just 24 hours and becoming the leading decentralized perpetual exchange (perps DEX) worldwide, boasting a trading volume of $12 billion.

The recent launch of Phase 4 – Aster Harvest, combined with Coinbase's announcement of adding ASTER to its Listing Roadmap, has sparked renewed optimism about the project’s potential to return to its all-time high (ATH), even as its price currently sits 53% below previous peaks.

Phase 4: A Pivotal Step in Aster’s Growth

As announced officially by the project, Phase 4, dubbed Aster Harvest, has now commenced. This phase will distribute an additional 1.5% of the total ASTER supply across six weekly epochs (0.25% per epoch) to promote steady growth.

Additionally, Aster DEX has upped its buyback rate to $7,500 per minute, a move indicating its commitment to maintaining supply control and assuring long-term price stability.

A significant new development involves Coinbase's decision to include ASTER in its official listing roadmap. This action not only enhances public visibility but also presents a possible channel for institutional investment once ASTER completes its listing on the US exchange.

As it stands, Aster DEX dominates the decentralized perpetual exchanges (perp DEXs) with daily trading volumes exceeding $12 billion, as reported by DeFiLlama. This impressive growth showcases Aster’s formidable presence in the perpetual futures market, increasingly recognized as the “foundation” of next-generation decentralized finance (DeFi).

The strategic blend of a robust buyback initiative along with the potential Coinbase listing may serve as dual stimulants, helping to propel ASTER out of its prolonged consolidation phase and into a new growth trajectory. Nevertheless, broader market liquidity and sentiment remain critical near-term concerns.

Technical Analysis: Indicators Suggesting Potential Breakout

From a technical perspective, several analysts have identified bullish momentum building in the ASTER/USDT trading chart. One market observer noted the formation of a symmetrical triangle pattern, highlighted by a strong rebound from the Point of Control (PoC) support area. If ASTER breaks out above the triangle’s resistance, it could initiate a vigorous bullish rally.

Another analyst on X pointed out that price stabilization is occurring within an ascending triangle, with resistance around $1.16 and support near $1.09. A definitive move above $1.29 could dismantle the previous bearish structure and set the stage for higher objectives.

“The most likely scenario now is a clean break above $1.16, followed by a retest that transforms this zone into support. Maintaining that level would confirm the breakout’s strength and pave the way towards $1.19 and potentially $1.29,” the analyst remarked.

Further supporting this outlook, analyst Captain Faibik verified that a Falling Wedge pattern has finally broken out after 50 days of consolidation—another encouraging sign for a short-term bullish sentiment.

With increasing trading volume and various technical indicators signaling potential for a breakout, Aster DEX seems well-positioned for another upward movement. Moreover, Aster whales have accumulated $53 million in tokens, underscoring revived confidence in market growth.

However, the $1.29–$1.35 price range will be a vital test to ascertain if ASTER possesses sufficient momentum to revisit its previous ATH.

At the time of writing, ASTER trades at $1.06, reflecting a 3.9% decline over the last 24 hours, following a brief spike above $1.16. This current valuation remains 53% below its historic ATH.