Is $3.28 the Next Target?

Key Insights:

• Aster forms a bullish rounding bottom, aiming for price targets up to $3.28.
• Aggressive $3M/day buyback reduces supply, boosting potential for future gains.
• Backed by Binance and top players, Aster gains momentum with strong exchange support.

Aster price has shown promising signs of growth, with many in the cryptocurrency community predicting a potential breakout. Traders are closely watching $ASTER as it forms a strong upward trend. The recent momentum has led to increased attention from investors.

Strong Momentum and Bullish Patterns

Aster has been showing signs of bullish momentum, as observed by market analysts. The price has been building on a rounding bottom formation, which is often seen as a bullish signal. Crypto_Inside noted that Momentum is building fast, emphasizing the possibility of a price surge. 

According to his analysis, the next steps for Aster could bring it to targets such as $1.6055, $1.9290, and ultimately $3.2795. At the current price of $1.04, there is speculation that Aster could see a strong push toward these higher levels. A steady pattern of growth combined with market support indicates that the cryptocurrency is positioned for a potential breakout.

ASTER’s Aggressive Buyback Strategy

However, Aster’s strategy of buying back a significant portion of its supply has also garnered attention. Aster is buying back ~ $3M a day, the aggressive buyback initiative. This buyback equates to roughly $90 million a month and over $1 billion annually, which is nearly half of the cryptocurrency’s current market cap.

Of the bought-back supply, Aster burns 50%, permanently removing a portion from circulation. This reduces the total circulating supply and could drive up the value of the remaining tokens. This move is part of a larger effort to increase scarcity, potentially driving demand higher.

Key Backers and Exchange Listings

Aster is also gaining attention due to its strong backing and exchange listings. The project has significant support from well-known players such as Binance and CZ, which helps boost its credibility within the market.

The project is already listed on major exchanges, ensuring liquidity and access for traders. This broad exchange support could further fuel its growth, especially as it gains more recognition in the crypto space. With strong volume and backing from major figures, Aster’s path to higher targets looks promising.