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Aster Price Plunges 20% as Altcoin Sell-Off Intensifies

Aster’s impressive rise is fading fast. The token’s price has dropped nearly 20%, sliding toward the $1 mark as widespread selling hits the crypto market. The move follows weeks of strong gains, with Aster having reached an all-time high of $2.42 in September before sentiment turned bearish.

Aster (ASTER), the governance token of the decentralized exchange, fell about 20% early Friday, touching lows near $1.08 on major trading platforms. The token had traded above $1.36 just a day earlier, but its double-digit losses placed it among the worst performers — alongside Zcash, Mantle, SPX6900, and Morpho.

The steep correction continues a multi-day decline after bulls failed to maintain support around $1.60. The token had previously rebounded from its October 10 crash lows, but momentum has since reversed sharply.

In the past week, Aster has lost more than 32% as investors locked in profits and macroeconomic concerns dampened risk appetite.

Aster, a next-generation decentralized spot and perpetual exchange built on BNB Chain, had drawn major interest from traders following its listings on Binance and Robinhood. These announcements helped drive the earlier rally.

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What happens if Aster breaks below $1?

Currently, Aster’s price hovers dangerously close to the $1 psychological barrier — a level bulls must defend to prevent further downside. Charts show a period of consolidation above this line, but the recent breakdown from a descending triangle pattern puts buyers on the defensive.

Aster’s September 24 peak at $2.42 now feels distant. Still, the Relative Strength Index (RSI) on the daily chart suggests the token is oversold, meaning a short-term rebound could occur if sellers start to tire.

Derivatives data show strong liquidation pressure

According to Coinglass, Aster’s open interest has plunged to around $477 million. Long positions have taken the brunt of the hit — accounting for almost 90% of total liquidations, or roughly $10 million out of $12 million in the past 24 hours. Short positions made up just $1.7 million.

For bullish traders, reclaiming and holding the $1 level remains essential for recovery. On the other hand, a sustained break below $0.85 could give bears full control of the market.

Bitcoin has fallen under $106,000, dragging the entire crypto sector lower. Major altcoins such as Ethereum, Solana, XRP, and BNB have all dropped below critical support zones, while macroeconomic uncertainty continues to weigh on global markets.

Over the past 24 hours, most top-100 cryptocurrencies have posted losses, many in the double digits.

Adding to the strain were over $19 billion in leveraged liquidations last week and persistent profit-taking, made worse by thin liquidity during Asian trading hours. Institutional sentiment has also weakened as U.S. Bitcoin and Ethereum ETFs recorded notable outflows.

Ethereum, XRP, and Solana follow downward trend

Ethereum’s price dropped 3.5% to $3,780, firmly below the $4,000 support mark. The weakness has rippled through the rest of the altcoin market — Solana, XRP, and BNB have all mirrored the decline.

XRP currently trades near $2.24, below the crucial $3 level, while Solana has fallen under $200, now around $178. Meanwhile, BNB hovers close to $1,000, and Dogecoin has slipped 9% to $0.17.

Simonas Brazionis

Blockchain Expert

Simonas is a crypto and blockchain expert with 6 years of experience. Passionate about the industry he educates others on blockchain technology, and continuously expands his knowledge. He has helped many newcomers understand crypto, navigate investments, and stay informed about trends like DeFi and NFTs.