Aster crypto’s 99% fee buyback has yet to lift ASTER above $0.60

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Aster has repurchased approximately 5.3 million ASTER tokens since late June using 99% of its daily platform fees. These buybacks represent only 0.2% of the 2.7 billion circulating supply. Despite this repurchase and simultaneous burn program, ASTER struggles to exceed $0.61, roughly 8% below the volume-weighted average price since the tokenomics announcement. The Chaikin Money Flow indicator remains negative at -0.08, suggesting persistent selling pressure continues to outweigh buying activity. Support and resistance levels stand at $0.59 to $0.60 and $0.62 to $0.63 respectively.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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