ASTER has repurchased 12.14 million tokens so far in Stage 5 of its ongoing buyback program, demonstrating a commitment to supporting token value and market stability. The buyback signals strong confidence from the team, aiming to strengthen investor trust and maintain healthy liquidity while carefully managing circulating supply.
Source: X
Although there is some progress made, no tokens have been purchased from the Strategic Reserve Wallet as yet. The question on everyone’s lips is whether it will purchase at least another 12.14 million tokens from the strategic reserve before the end of Stage 5. This would certainly boost market confidence, as it would indicate strategic thinking and the future potential of ASTER in the crypto market.
Also Read: ASTER Could Rally 120% as Falling Wedge Indicates Strong Bullish Potential
ASTER Eyes $0.98+ After Falling Wedge Formation
However, the crypto analyst, Peak, pointed out that ASTER is displaying bullish sentiment as the technical analysis is aligning. On the 4-hour chart, the token is displaying a falling wedge, which is a reversal pattern and is expected to break upwards.
The double-bottom pattern confirms the strength of the support level at the current lows, indicating that sellers are weakening and buyers are ready to move the token upwards.
Source: X
A clear breakout above the top edge of the wedge may begin a rapid rally, with the first level of resistance at $0.84, while longer-term targets may be set at $0.98 or more. Traders are paying close attention to the volume, as a strong breakout would be even more bullish. Momentum is building, and ASTER is certainly a token to watch.
ASTER Bullish Breakout Could Spark Next Rally to $10
Moreover, another crypto analyst, Crypto Patel, highlighted that the token is moving inside a downward-winding wedge pattern. This indicates a downward trend as the price continues to form lower highs and lower lows.
However, the price is still inside a wedge that continues to narrow. This shows the price is stuck, as there are neither buyers nor sellers. The current price of the chart stands at $0.7081, near the upper trendline, hinting at a potential breakout.
Source: X
A breakout above the wedge could begin a strong move upwards and could take it to $6 or even higher, thereby negating the fall in prices for months. Analysts believe there could be two scenarios: either it tests the upper boundary for a breakout, or it moves down to the lower boundary to test support. Success could fuel speculation on whether the asset might hit $10 this bull run.
Also Read: ASTER Falling Wedge Nears Completion, Targets $2.25 Breakout
