Aster (ASTR) token erased its weekly gains after a tokenomics update, despite an earlier 28% surge that lifted the price from $0.63 to above $0.82.
Tokenomics Shift and Immediate Market Reaction
The new framework directs 99% of Aster’s revenue toward token buybacks, mirroring Hyperliquid’s model, and targets the destruction of 5 billion ASTR tokens. This mechanism was intended to sustain upward momentum for the blockchain asset.
Instead, investors encountered a critical 2026 sell zone and a broader crypto market correction that halted the bullish drive. On the 12‑hour chart, short‑sellers retained dominance, pushing the price down by roughly 24%.
Support Levels and Future Outlook
Current price action nudged Aster close to its June support benchmark of $0.60, with $0.55 emerging as a secondary floor should the correction deepen. These levels could become pivotal for market participants seeking stability.
If a relief rally materializes, the next resistance aligns with the 200‑day moving average near $0.70, offering about a 16% upside potential for investors. The anticipated token‑burn program may amplify this upside by reducing circulating supply.
Analysts note that Aster’s emphasis on tokenization fits a longer‑term narrative that could favor the crypto asset, yet a broader altcoin season may remain out of reach for the near future.