- Aster jumped ~400% to ~$0.41; next ceiling sits near $0.50
- CZ’s X post and YZi Labs backing put Aster directly against Hyperliquid
- Hyperliquid’s HYPE ranks in top-15; Aster’s run intensifies the duel.
Aster token delivered one of the sharpest moves in the market this week, exploding nearly 390% in 24 hours to trade at $0.4100, according to CoinMarketCap.
The rally began near $0.08 and accelerated after Binance’s former CEO CZ spotlighted the project on X, drawing attention to a token already backed by YZi Labs. That blend of high-profile endorsement and institutional support sent flows rushing in, putting Aster firmly on watchlists across desks.
Key Resistance at $0.50 and Support Around $0.35
The surge brought Aster directly into battle with resistance near $0.50, a ceiling that will dictate whether the rally continues. Traders say a decisive break could unlock more upside, but until then, $0.50 caps momentum.
On the downside, buyers are holding $0.35 as immediate support, while the original launch floor near $0.08 remains a symbolic anchor for early positioning.
Trading Volume Spikes 2500% as Market Cap Nears $700 Million
Liquidity confirmed the move. In the past 24 hours, Aster’s trading volume spiked by 2500%, signaling broad participation rather than isolated whale action.
This was reflected in Aster’s market cap that is now close to $700 million, reinforcing the scale of inflows. Still, with price boxed between $0.35 support and $0.50 resistance, traders caution that reversals remain possible if buying pressure fades.
RSI and MACD Signal Momentum Cooling After Breakout
Technical signals highlight the risk of consolidation. The RSI sits in the mid-60s, showing bullish bias but not yet overheated above 70.
The MACD lines remain tight, suggesting momentum has slowed slightly after the vertical climb. Together, these readings point to sideways trading unless new volume forces another chain of price surge.
What Traders Are Watching Next for Aster (ASTR)
For now, indicators remain neutral, but the path is set. A clean break above $0.50 could extend the rally, while failure to hold above $0.35 risks pullback.
Either outcome will test how much staying power the CZ spotlight and YZi Labs backing can deliver.
Related: BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?
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Source: https://coinedition.com/aster-vs-hyperliquid-cz-yzi-labs-50/