- The ASTER token is teetering near a critical support level of $1.03-$1.00.
- A potential drop below $1 risks triggering further declines to $0.90.
- The outlook is despite a buyback plan the Aster team announced on Friday.
Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, has unveiled a significant buyback initiative to bolster its native token, ASTER.
Announced earlier today, the plan proposes allocating 70-80% of Season 3 fees toward ASTER buybacks, contingent on market conditions.
However, despite this bold move, market data and technical outlook suggest that ASTER faces substantial risks of dipping below the critical $1 psychological support level.
Aster team plans major token buyback
The ASTER token is currently trading at $1.06, just in the red.
However, the DEX token faces notable selling pressure as has been seen in the past week and month.
On Friday, the cryptocurrency failed to climb despite earlier gains.
Intraday upticks saw the altcoin’s price reject in the $1.12 and $1.15 region, with gains and the subsequent selling pressure coming amid a major ASTER buyback announcement.
Buyback Announcement:
ASTER is currently targeting 70-80% of S3 fees for $ASTER buybacks, exact allocation will depend on market conditions and final results will be released following conclusion of S3.
As a growing project, and in these uncertain market conditions, it’s…
— Aster (@Aster_DEX) October 24, 2025
Why is ASTER price down today?
Aster fell amid negative news on Thursday. Today, the token’s price action reflects a fragile market, with technical indicators pointing to potential downside risks.
Notably, Aster has lost over 55% of its value since the peak of $2.42 reached in September.
The rally that saw the exchange platform challenge and even surpass Hyperliquid in volume has dissipated, and the altcoin’s 24-hour trading volume, while robust, has dropped below $800 million.
Market sentiment is further strained amid overall crypto action.
On Friday, following high anticipation, the Bureau of Labor Statistics released the Consumer Price Index inflation for September.
After an initial uptick alongside stocks, Bitcoin and Ethereum as well as most cryptocurrencies showed subdued action.
The US CPI report, which indicated cooling inflation, failed to inspire sustained bullish momentum across the crypto sector.
While the Dow Jones Industrial Average had spiked by over 530 points as of writing, Bitcoin failed to rally above $111,000, and ETH pared gains from near $4,000.
Aster price signalled a similar outlook despite the team’s buyback announcement.
Is ASTER set to dump below $1?
Technical indicators highlight that the current price is at a critical support zone.
A downturn below $1.03 means bears could strengthen in the $0.93-$0.97 region. ASTER could drop to lows of $0.90.
Meanwhile, robust resistance lies in the $1.12-$1.15 zone, with a break to above $1.24 potentially triggering an upward momentum toward $1.52 and then $1.60.
In any case, ASTER’s ability to hold above $1 is crucial for this bullish outlook.
The buyback plan’s execution and broader market stabilization will be key for buyers.
The token’s institutional backing and multi-chain architecture may also offer a foundation for recovery.
However, the overall crypto market outlook suggests uncertainty could deter short-term holders.
