Haciyev Reşit 
Aster (ASTER) has shown notable performance in a period when the broader crypto market is mostly flat. ASTER rose over 10% in the last 24 hours, reaching around $0.66 and outperforming much of the market. Analysts attribute this surge primarily to increased trading activity on the Aster decentralized exchange (DEX) and a technical breakout observed on key indicators.
Technical Breakout Boosts Investor Interest
ASTER price surpassed the closely watched resistance level of $0.65, marking a significant technical breakout. Crossing this level signals a short-term shift to positive market sentiment and can trigger previously hesitant investors to enter the market. Technical breakouts are critical as they often initiate new price discovery during trend reversals or strengthening phases. This upward movement is supported by a 27% increase in overall trading volume, signaling that the breakout is healthy. Rising volume indicates that existing holders are maintaining positions while short-term momentum-driven buyers are actively entering the market. If the current technical setup holds and the price sustains above $0.65, $0.80 could emerge as the next potential short-term target.
Rising DEX Volume Supports Demand
A major driver of ASTER’s price increase is the sharp rise in trading volume observed on Aster’s perpetual DEX. Over the past 24 hours, the platform recorded more than $3 billion in trading activity, demonstrating Aster’s ability to attract active users and capital in a short time. This level is noteworthy as it approaches volumes of major established platforms like Hyperliquid.
Higher trading volume on a decentralized exchange usually indicates that the platform’s economic model is functioning effectively. Since the ASTER token is closely tied to transaction fees, incentive mechanisms, and platform usage, increased DEX activity naturally strengthens token demand. This suggests that the price surge is driven not only by short-term speculation but also by organic demand based on real usage.
Upcoming Token Unlock Could Pose a Risk
Despite the positive momentum, a key concern for investors is the planned token unlock on February 17. Such events can temporarily increase circulating supply, potentially causing short-term selling pressure and price fluctuations. If early investors or team allocations are involved, market sensitivity may rise further. In this scenario, a drop below $0.65 could be interpreted as a technical weakness, with analysts warning that the price could retest support levels around $0.59. Investors are closely monitoring trading volume changes and the price’s ability to hold above current support ahead of the unlock.
Evaluation
ASTER’s recent price rise can be attributed to a combination of strong DEX usage, rapidly increasing trading volumes, and a technical breakout. Moving forward, the key factors for investors will be whether the platform can maintain high trading activity and whether the price can sustain above the new support level. Increased volatility is expected around the upcoming token unlock.
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