Aster Offers Compensation to Users Following XPL Perp Glitch That Caused Losses
Incident Overview: Aster experienced a glitch in its XPL perpetual contract, causing a price spike to over $4, leading to forced liquidations of traders. The platform reimbursed affected users in USDT and paused trading to address the issue.
Technical Issues Identified: The price spike was attributed to a misconfigured index and a cap on the mark price, which did not reflect the live market rate, resulting in significant liquidations despite stable prices on other exchanges.
User Compensation and Activity: Aster quickly compensated liquidated accounts and waived associated fees, restoring user balances within hours. Despite the disruption, the platform reported strong trading activity with $16.3 million in daily fees and significant user growth.
Ongoing Investigations: Aster is conducting internal reviews to understand the technical failures that led to the incident, while the XPL contract has since stabilized and trading levels have aligned with other exchanges.
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Technical Analysis for ASTER
Technical Sentiment Analysis for Aster (ASTER) As of , Aster (ASTER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ASTER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ASTER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aster (ASTER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.174 | 0.288 | 0.425 | 0.539 | 0.676 | 0.79 | 0.927 |
| Fibonacci | 0.288 | 0.384 | 0.444 | 0.539 | 0.635 | 0.695 | 0.79 |
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