Bullish Momentum Surges as $ASTER Exits Long-Term Descending Channel

$ASTER broke a long-term descending channel and retested $1.30–$1.32 demonstrating renewed bullish momentum supported by follow-through buying.

Market cap rose to above $2.6B reflecting growing investor confidence along the well-defined uptrend structure.

Total token buybacks is 154M with 77M burned,which reduces circulating supply by 3.9% and reinforces deflationary dynamics and long-term scarcity potential.

$ASTER is showing renewed bullish momentum after breaking out of a long-term descending channel. Price movements reflect strong buyer support, while market activity and token buybacks indicate growing investor confidence and interest.

Technical Breakout and Retest Zones

$ASTER/USDT recently surpassed the upper boundary of its descending channel on the 1-day chart. The breakout candle was notably large and followed by consistent buying pressure, suggesting traders are validating the shift in trend.

Captain Faibik highlighted a retest area around $1.30–$1.32. Price briefly paused in this area, suggesting that the previous resistance may now act as a support for further upward movement

The breakout targets about 107% upside, aiming for $2.60–$2.70, with sustained momentum relying on buyers keeping higher lows above the breakout level.

Market Cap Trends Indicate Strength

From November 13 to 19, $ASTER’s market cap steadily rose from $2.1B–$2.2B to over $2.6B. Early choppy movement reflected minor consolidation among traders before stronger accumulation began.

On November 16–17, the formation of higher highs and higher lows indicated a more defined upward trajectory. Volume trends increased in parallel, confirming growing participation in the market.

By November 18, the market cap briefly touched $2.8B, supported by strong volume inflows. Mild cooling occurred toward November 19, but the overall structure remained bullish, reflecting ongoing market confidence.

Deflationary Moves and CZ Activity

Recent token buybacks reinforce $ASTER’s deflationary mechanism. A wallet repurchased 54M tokens, adding to a prior 100M buyback. Half of the 154M tokens will be burned, reducing circulating supply by about 3.9%.

Intraday charts show minor pullbacks near $1.31–$1.32,caused by the temporary fade in buyer strength. Despite short-term declines, the broader bullish structure remained intact and it shows potential for sustained growth.

CZ publicly shared his initial buy around $0.9 and added more during dips. Combined with postponed token unlocks and high perpetual volumes, $ASTER may attract increased speculative interest ahead of upcoming announcements.

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