- Aster DEX is buying over $4 million in ASTER daily, creating strong demand and a potential short-term supply crunch.
- The token remains in a tight consolidation range, holding $0.92 support while facing resistance near $0.97–$1.00.
- A sustained breakout above $1.10 could confirm bullish momentum, making it a key short- to mid-term price target.
ASTER buybacks are accelerating as Aster DEX ramps up aggressive market accumulation. The protocol is currently purchasing over $4 million worth of tokens per day, a pace expected to continue for the next three to four days. This surge in demand marks one of the strongest short-term buyback phases for the token to date.
Source: BitBull
Following this phase, the network plans to shift into a sustainable buyback model funded directly by protocol revenue. The DEX will allocate 50%–80% of its trading fees toward buybacks, creating an estimated $500,000 to $1 million in daily buying pressure. This structure ties ASTER demand directly to platform usage and fee generation.
At the moment, the network has managed to accumulate a total of 101 million ASTER tokens, which is approximately 5% of the total circulation. Given that an increasingly larger number of tokens are being taken out of circulation, it is no surprise that some market players have begun to estimate that there could be a potential shortage of the tokens in the future.
Also Read: Aster (ASTER) Token Burn Sparks Optimism: Could Price Hit $1.20 Soon?
ASTER Consolidation Phase Persists With $1.10 in Focus
Moreover, the crypto analyst, Ardi, highlighted that despite the recent levels of market volatility, the token has held up well in a compact range of consolidation. Furthermore, the bulls have been strongly supporting the $0.92 level with each subsequent dip, preventing it from falling into the $0.85-$0.88 region of demand. This crucial support at $0.92 is essential for the given range to remain valid.
While the upside momentum is held back by the proximity to the $0.97 resistance, the consistent rejections at this point ensure that any relief attempt denies a recovery back to the important $1.00 mark, keeping the outlook slightly bearish. A strong $0.92 support would, however, ensure that the downside risk is limited.
Source: Ardi
A significant positive change would mean a reversal of $0.97 to support levels and a strong recovery of $1.00. Holding above $1.10 would be essential to establish a positive market structure. However, for now, shorts at $0.98 levels are valid, but they would become weaker if the markets stay firmly above $1.00.
Also Read: ASTER Price Prediction: Channel Breakout Could Sparks the Rally to $2.50
