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ASTER cuts token supply via buybacks, burns, and staking; aims to reclaim $0.622 resistance for recovery.

Protocol Fundamentals
11 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

ASTER has aggressively reduced its circulating token supply by allocating 99% of daily platform fees to buybacks, burning over 11 million tokens since June, and encouraging staking which holds 5.3% to 8.1% of supply. Exchange outflows also tightened available liquidity, supporting scarcity. The token currently trades near $0.60, below the key resistance at $0.622. Reclaiming $0.622 is crucial for ASTER to attempt a recovery toward $0.656 and potentially higher levels. However, technical indicators show weak trend strength, so buyers must overcome resistance to confirm a bullish move.

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