Aster price jumps 21% on tokenomics update but faces bearish pressure ahead

Aster (ASTER) saw a 21% price increase after announcing a tokenomics update that uses 99% of daily platform fees to buy back and burn tokens, rewarding stakers. Despite this, the rally occurred within a broader bearish trend, with recent price retracements suggesting traders view the surge as a selling opportunity. The altcoin's price faces resistance around $0.75-$0.80 and must surpass $0.811 to shift to a bullish trend. Overall, the market structure remains bearish, and further downward movement is likely in the short term.