Aster’s upgraded buyback strategy, which is designed to reward stakers while taking the $ASTER token on a deflationary path, spikes prices. With the initiation of the plan yesterday, ASTER has appreciated and broken above a multi-month downtrend line.
ASTER breaks above both 200-day and 50-day MA
Priced at $0.72, ASTER has made a significant move that has gained the interest of the traders. As such, the Aster project is the top trending cryptocurrency on CoinMarketCap. In terms of price action, ASTER has crossed above both the 200-day and 50-day moving averages.
The 50-day moving average (50 MA) and the 200-day moving average (200 MA) are two of the most important tools in technical analysis because they help traders understand the direction and strength of a market trend over different time horizons.
The 50 MA reflects the average closing price over the last 50 days and is mainly used to gauge short- to medium-term momentum. The 50 MA reflects the average closing price over the last 50 days and is mainly used to gauge short- to medium-term momentum.
Traders see ASTER’s move above both MA as bullish signal
When a cryptocurrency like ASTER moves above both the 50 MA and 200 MA, traders generally see this as a strong bullish signal. It suggests that both short-term momentum and long-term trend conditions are turning positive at the same time, which can indicate a potential trend reversal.
The sudden appreciation of price comes as the Aster made plans to buy back the token using 99% of the fees generated on its exchange. When the Aster buys back tokens, it creates a supply crunch, and demand rises, allowing the token to sell at a higher price.
However, Aster does not stop at buybacks; it will also burn an equal amount of tokens from the reserve. This genius strategy introduced by the company seems to already work as the ASTER prices are up.
ASTER aims at $1 after breaking multi-month downtrendline
As shown in the chart above, the token has broken a multi-month downtrend line, which is a significant move. Since December 2025, ASTER has not been able to break above this level, despite testing it several times. However, thanks to the new strategy, the token can now hit new highs that the trendline does not constrain. Given that the bulls take over from here, there is a high chance that ASTER could cross the psychological $1 level.
