ASTER Price Faces $0.70 Risk as Bearish Sentiment Grows
ASTER price is on a downward trend, with a potential drop to $0.70. The token is testing the $150 level. If this support breaks,the price could fall to $0.70.
Several factors are driving this sell-off. Frist, ASTER was removed from DeFiLlama due to questionable trading data. This raised doubts about the token’s liquidity. Soon after, Galaxy Digital moved $12 million worth of ASTER to Binance. This transaction added to market uncertainty.
Additionally, Phase 2 of the ASTER airdrop released 320 million tokens, about 4% of the total supply.These tokens have no lock-up period, meaning holders can sell them right away. This influx of supply is likely contributing to the bearish sentiment.
If ASTER can hold above $1.50,it might see a rebound. A move above $1.70–$1.80 could signal a failed breakdown and attract buyers. This could push the price back toward its recent high of $2.30.
