ASTER price suffered an obvious blow in the past 24 hours, falling from a little over $1.45 to a little over $1.20 before getting a bit back.
A mix of market-wide fear, airdrop concerns, and technical breakdowns seem to be driving the weakness.
What you'll learn 👉
ASTER Slips as Risk-Off Mood Grips Crypto Market
The entire crypto market has been shaky again. The overall market cap decreased 1.4% today, from $3.88 trillion to $3.85 trillion, and 93 of the top 100 coins traded today in the red. Bitcoin dominance was up to 58.68%, which is generally an indicator that traders are desperate to safe assets.
Fear & Greed Index also fell to 32, its lowest level since April 2025. That’s deep in “Extreme Fear” territory, showing how nervous investors have become after a massive $19 billion liquidation event on October 10.
For altcoins like ASTER, this is bad news. When fear spreads, high-volatility coins tend to fall harder, and ASTER is one of them.
Airdrop Delay and Token Unlock Weigh on ASTER Price
Another factor hitting confidence right now is the Phase 2 airdrop delay. The team pushed it back to October 20 because of allocation inconsistencies. That wouldn’t be too bad on its own, but here’s the catch, it involves 4% of the total 8 billion token supply (about 320 million ASTER, worth roughly $419 million), and there’s no lock-up period.
In simple terms: people getting those tokens can sell them right away, and the market knows it. Traders are already pricing in the potential selling pressure.
It also doesn’t help that DeFiLlama delisted Aster volume data on October 6 due to “irregularities.” That action undermined investor confidence and called into question the validity of platform metrics.
On-chain data meanwhile reveals whales have added 12% more deposits to Binance in the last week, another indication selling pressure might still be mounting.
ASTER Chart Signals Technical Weakness
From a technical perspective, the ASTER chart doesn’t look great right now. The token fell below both its 7-day simple moving average ($1.42) and pivot point ($1.36), clear signs of weakness.
The RSI (14) is sitting around 51, which isn’t oversold yet, but it’s trending lower. The previous support at $1.41 has flipped into resistance, meaning bulls will need to reclaim that level before any real recovery can begin.
If ASTER price closes above $1.41, we might see a short-term bounce toward $1.45–$1.50. But if it fails, there’s a good chance ASTER will revisit the $1.20–$1.30 zone, the same area where buyers stepped in earlier today.
Volume remains relatively thin, with a turnover ratio of 0.439, so even small sell orders can move the price quickly.
What Comes Next for ASTER
ASTER price drop today isn’t about just one thing, it’s a mix of fear across the market, airdrop-related uncertainty, and a technical breakdown that made things worse.
There’s no sign of panic selling yet, but also no clear reason for a strong recovery in the short term.
Until the airdrop plays out and the market stabilizes, it’s probably smart to stay cautious and keep an eye on Bitcoin dominance, exchange inflows, and that key $1.41 level.
Read Also: ASTER Price Outlook for the Final 2 Weeks of October
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