Aster (ASTER) has rapidly gained attention as the newest project backed by Binance, with some perceiving it as a potential competitor to HyperLiquid. The token made its debut on AsterDEX, where early participants from its airdrop campaign have driven much of the trading activity. Currently, the ASTER price is around $0.62, marking a decline of over 5% in the past 24 hours.
However, until withdrawals are enabled on a specific date, the price movement remains limited to DEX-only transactions. This date, along with the reclaiming of a crucial support level mentioned later, will dictate whether the ASTER price experiences a rally or a crash.
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Money Flows and Momentum Hint at Weakening Sell Pressure
Since ASTER began trading on September 17, Chaikin Money Flow (CMF) has consistently declined, indicating that substantial money flows have been exiting the ASTER market. This corresponds with the initial wave of airdrop recipients likely swapping or selling their allocations.
In the last hour, however, CMF has started to rise, indicating that outflows are slowing. The ASTER price may gain more strength if the hourly CMF index enters positive territory.
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The On-Balance Volume (OBV) line, which measures cumulative buying and selling, has shown a similar pattern. It fell sharply after the launch but is now attempting a turnaround. A return of OBV towards neutral would confirm that buyers are gradually mitigating the selling pressure on AsterDEX.
On the shorter 15-minute chart, the RSI also indicates decreasing pressure. During several key ASTER trading sessions, the price formed higher lows while the RSI dipped to lower lows—a hidden bullish divergence. This often signals an early shift toward buyer momentum.
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All these indicators point to a common narrative: selling pressure is diminishing, even as the market anticipates the October 1 unlock event. Once withdrawals are enabled, more holders will have the freedom to sell, but it will also make ASTER available on major exchanges. This increase in liquidity could either spark broader selling or allow buyers to step in more decisively.
RSI (Relative Strength Index) serves as a momentum indicator that assesses whether buying or selling pressure dominates.
Users can claim ASTER in their Spot/DEX account following the listing, but withdrawals will remain restricted until October 1, necessitating that tokens remain on the platform (though trading is permitted). After October 1, more holders will be able to transfer their tokens off the platform, potentially increasing both selling pressure and liquidity.
$0.73 is the Key ASTER Price Level to Watch
On the price chart, one level is particularly significant. The ASTER price must recapture $0.73, its listing high on AsterDEX, to validate the next bullish phase. Currently, resistance is positioned at $0.64 and $0.66, while $0.55 serves as essential support. A breach of that support heightens the risk of new lows.
This positions the token at a critical juncture. Until October 1, trading is limited to AsterDEX spot markets, placing price discovery in the hands of early participants. After that date, liquidity will broaden, CEX listings are anticipated, and ASTER will undergo its first significant stress test.
If buyers succeed in absorbing selling pressure and push beyond $0.73, the bullish “Hyperliquid-flipping” narrative will gain traction. Conversely, if October 1 results in a surge of selling from airdrop recipients, ASTER could face deeper losses. The market waits to observe the outcome.
