Aster price outlook: can bulls hold $1 and target fresh rally?
On November 5, 2025, ASTER, the native token of the decentralized trading exchange Aster, surged above $1, defying the broader cryptocurrency market's downward trend. The token experienced a 15% increase to $1.06, with its market cap climbing 15% to over $2.07 billion. The surge follows Binance founder Changpeng Zhao's purchase and subsequent endorsement, which boosted buying pressure. However, ASTER previously faced headwinds, dipping to $0.83 amid macroeconomic challenges and crypto market volatility. Bulls have reclaimed the $1 level, and analysts suggest a potential retest of $1.55 and potentially $2 if momentum sustains, supported by bullish technical indicators.
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Aster Price Surges Above $1
Aster's price broke above the psychological level of $1 on November 5, 2025, defying the broader crypto market trend, which saw a significant sell-off. Bulls could now eye a move towards $2, provided the price holds above this key level. The macro environment will likely play a pivotal role in determining whether Aster continues its recovery or faces a potential price dump.
Aster Defies Broader Market Downtrend
Despite a 3% decrease in global cryptocurrency market capitalization and widespread selling pressure, Aster's native token (ASTER) has surged by over 15%, reaching intraday highs of $1.06 while reclaiming the critical $1 mark. Additionally, the token experienced a notable 17% increase in daily volume, signaling renewed bullish momentum.
Impact of Broader Market Volatility
The price surge diverges from the general market, as significant events impacted crypto sentiment across the board. Over $1.7 billion in leveraged positions were liquidated within just 24 hours, and Bitcoin slumped below the $100K mark. Meanwhile, Aster's market cap climbed by 15% to exceed $2.07 billion at the time of writing, demonstrating resilience.
Catalyst Behind Aster's Upward Movement
Aster's recent upward momentum was boosted by a substantial price swing, rallying from lows of $0.91 to a peak of $1.24 on November 2, 2025. This surge coincided with Binance founder Changpeng Zhao's announcement of purchasing 2.09 million ASTER tokens, shared via Twitter:
"Full disclosure. I just bought some Aster today, using my own money, on @Binance. I am not a trader. I buy and hold."
This bullish sentiment sparked heightened trading interest, with daily volume exploding tenfold, but macroeconomic challenges and crypto-specific headwinds ultimately tempered the rally.
Price Consolidation and Key Support Levels
Aster's price, which dropped to $0.83 on November 4, 2025, found support around this level, a zone previously tested in late October. Despite bearish sentiment affecting major cryptocurrencies like Bitcoin and Ethereum, Aster bulls regained their footing, driving the price back above $1. Over the past 24 hours, the token saw a 12% increase in daily trading volume, with $1.56 billion changing hands.
Technical Outlook: Path Towards $2
The Aster price chart, as shown on TradingView, indicates some recovery signs. Despite being in a downtrend, the breakout from a falling wedge pattern has re-energized bulls. The Relative Strength Index (RSI) sits near 52, slightly above the neutral mark, while the MACD indicator on the 4-hour chart signals a potential bullish crossover. In the short term, bulls may target $1.55, which marked a previous local top in October, while the $2 mark remains the next significant resistance level.