Aster Price Forms Bullish Pattern Amidst Buyback Surge to $4 Million/day – Breakout in Sight?

Jakarta, Pintu News – Aster (ASTER) just surprised the market with a big increase in its buyback program, and traders immediately started taking notice.

The previous daily buyback of $3 million has now risen to $4 million, building momentum at a crucial time when ASTER prices are showing signs of a bullish reversal.

Now investors are starting to wonder: Could this acceleration of Aster’s buyback program trigger a breakout after weeks of decline? Here’s what the chart shows.

Buyback Aster

On December 8, Aster announced that their 4th tranche buyback program has been accelerated. Under the new program, daily buybacks will be $4 million, up from the previous $3 million.

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According to the Aster team:

“This acceleration allows us to bring Phase 4 fees accumulated since November 10 onto the on-chain more quickly, providing additional support amid volatile market conditions.”

The Aster team also said that they would achieve a stable execution within 8-10 days.

ASTER’s price has fallen quite sharply since its launch, but this accelerated buyback can be used to build positive momentum towards an upward price movement.

ASTER Price Analysis

Although ASTER’s price is still below the diagonal resistance line, there are some indications that this downtrend may be coming to an end.

One of the most prominent signals is the double bottom pattern, which is technically considered a bullish reversal pattern. This pattern is also supported by the bullish divergence on the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators.

This divergence reinforces the validity of the double bottom pattern and has the potential to trigger a significant price rally.

If the price of ASTER manages to break the diagonal resistance line, the next upside target is expected to be the nearest Fibonacci resistance level in the range of $1.08 to $1.14.

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Can Buybacks Trigger Breakouts?

The double bottom pattern indicates a change in market sentiment, but until now there has been no clear breakout confirmation. The acceleration of Aster’s buyback program comes at a very crucial moment.

If this buyback is successful in increasing demand and ASTER prices are able to break through its resistance level, then there is a strong chance for a long-term downtrend reversal.

However, as long as ASTER has not managed to reclaim its resistance level, the price movement trend is still considered technically neutral. Traders are expected to monitor closely throughout this week, as buyback volumes increase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Aster (ASTER) Price Forms Bullish Pattern as Buybacks Jump to $4M Daily – Breakout Incoming? Accessed on December 11, 2025