Coinbase Adds ASTER to Roadmap – Here's Why Traders Are Paying Attention!

ASTER is stabilizing around the key $1 level, bolstered by whale accumulation and a strong support base, which indicates its resilience.
Coinbase reports a trading volume of $4.3 billion, and the addition of ASTER could enhance liquidity, helping it rank among the most traded DeFi assets.
Generally, new token listings serve as significant catalysts for price movements.

Key Takeaways

ASTER is stabilizing around the key $1 level, bolstered by whale accumulation and a strong support base, which indicates its resilience.
Coinbase reports a trading volume of $4.3 billion, and the addition of ASTER could enhance liquidity, helping it rank among the most traded DeFi assets.
Generally, new token listings serve as significant catalysts for price movements.

Coinbase has recently included Aster [ASTER] in its listing roadmap, suggesting the token has successfully passed essential technical and regulatory checks, paving the way for a legitimate listing soon.

ASTER

Why Is This Important?

Coinbase’s Spot exchange recorded an impressive $4.3 billion in trading volume over 24 hours according to CoinMarketCap, positioning it as the second-largest centralized exchange (CEX) by daily trading volume, just behind Binance.

Coinbase Source: CoinMarketCap

This level of liquidity could significantly increase trading activity on ASTER. With Coinbase's participation, ASTER could rapidly ascend the rankings as one of the top DeFi assets, especially since it is already available on prominent CEXs like Binance, Robinhood, OKX, Bybit, and Bithumb.

Currently, ASTER’s Total Value Locked (TVL) stands at around $1.48 billion, which is a considerable decrease from its peak of $2.44 billion. This decline occurred alongside a broader market crash.

So, will the heightened interest from Coinbase reignite liquidity flows and draw in whale investors?

ASTER Maintains $1 Level Amid Q4 Challenges and Coinbase Excitement

The start of Q4 has been challenging for Aster, as it began on a bearish trend. Despite an impressive 270% increase in Q3, this momentum faltered, leading to a significant correction fueled by overheated derivatives, whale selloffs, and market rumors.

As a result, ASTER has decreased by 35.7% this quarter. However, a closer look at the daily chart reveals that ASTER is showing resilience, hovering steadily around the $1 psychological level despite the market downturn in early November.

ASTER Source: TradingView (ASTER/USDT)

From a technical standpoint, the price stability around $1 could indicate a period of consolidation. This is further supported by a significant accumulation of ASTER, with whales acquiring approximately $6.47 million worth of tokens, lending credence to the idea that the intense selling pressure is beginning to ease.

In this light, the recent announcement by Coinbase highlights the importance of timing. Given ASTER's building structural resilience, it appears poised for a resurgence in DeFi liquidity. This upcoming listing could serve as a catalyst, setting the stage for a potential rebound in momentum.