As October 14 nears, Aster stands at a crossroads, hit by a rapid -10.22% slide in merely 24 hours to trade at $1.83 after bruising through key supports. The dynamics driving this turbulence are twofold: 1st, DeFiLlama’s delisting of Aster’s perpetual futures after raising red flags about potentially manipulated trading volumes.
2nd, the Genesis Stage 2 airdrop, unlocking 66 million tokens with immediate market freedom. This has everyone bracing for a wave of liquidations. Both events have injected uncertainty, leaving traders to weigh risk against the opportunity in hand.
Influencer Crypto General’s recent post catches the pulse of the market. He describes the current volatility as a shakeout. Meaning an intentional move to pressure weak hands and allow smart money to buy at lower prices. Backed by his price chart, he notes that Aster’s price action has aligned precisely with his mapped prediction.
“$ASTER is moving exactly as mapped. Shaking out weak hands so smart money can load up cheap. You either saw it coming, or you’ll be watching it happen right under your nose.”
Aster crypto price is currently at $1.83, down 10.22% over 24 hours and 4.33% over 7 days. This reflects harsh sentiment following a recent all-time high of $2.42 just 12 days ago. The loss of $1.80 support and the break below the 38.2% Fibonacci retracement at $1.96 show weakening bullish momentum.
Continued downside risks remain if the Aster crypto price drops below the $1.75–$1.80 range. This could potentially trigger stop-losses and a slide toward $1.65 or even $1.36. That being said, bulls need to regain footing above $1.92 to shift market psychology. Especially as airdrop recipients may be tempted to lock profits instantly after October 14.
Successively, the 24-hour trade volume, up by 8.63%, suggests heightened activity around these events. Open interest remains flat at $1.45B, showing an absence of new risk appetite despite volatility.
A combination of DeFiLlama’s delisting over possible wash trading and anticipated airdrop liquidations sparked a sharp selloff.
A close above $1.92 is vital for sentiment reversal, below $1.75 signals further risk.
Aster is a Solana-based DEX platform and a token that focuses on perpetual futures trading
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