Aster Team Unveils New Tokenomics Model
- Token Buyback Mechanism: The Aster team announced that 99% of daily fees will be used for automatic ASTER token buybacks, creating a 198% buyback-and-burn ratio, which led to a 17% price increase within hours, reflecting positive market sentiment towards the new model.
- Buyback and Burn Plan: Since the token generation event, Aster has conducted six buybacks, cumulatively repurchasing over 266 million tokens worth approximately $187 million, indicating the project's commitment to stabilizing token supply.
- Continuous Token Burn: Under the new model, every repurchased token will be distributed to veASTER stakers as rewards, while an equal amount will be burned each epoch, with plans to eventually burn around 5 billion tokens, thereby driving demand in the market.
- Trading Volume Attraction Strategy: Aster aims to accelerate token burns by increasing trading volume on its DEX, with the new model allowing a 50,000 USDT fee for each permissionless token listed, further enhancing buyback capabilities and boosting market activity.
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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 8 technical signals, shows that 4 indicators are flashing buy, while 4 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 crypto.
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 | 0.358 | 0.479 | 0.561 | 0.682 | 0.764 | 0.885 | 0.967 |
| Fibonacci | 0.479 | 0.557 | 0.605 | 0.682 | 0.76 | 0.808 | 0.885 |
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