Aster Token Battles Critical $1 Support Amid Oversold RSI and Liquidation-Driven Volatility

Aster (ASTER) token is facing intense selling pressure, testing a critical support zone between $0.99 and $1.03 after failing to reclaim the major $1.07–$1.10 resistance area. The price rejection from this level has shifted momentum firmly in favor of sellers, raising concerns that a recent rally was merely a "dead-cat bounce" lacking sustainable bullish volume.

Technical indicators show the token is in extreme oversold territory, with the Relative Strength Index (RSI) hitting levels between 22 and 25. Analyst ArdiNSC notes that the price has lost the micro 61.8% Fibonacci level near $1.03 and now sits within a red accumulation zone. Despite oversold conditions, the market remains bearish until bulls can push the price back above the $1.07–$1.08 resistance band.

Liquidation heatmaps reveal concentrated clusters where forced selling has accelerated downward movement. These bright yellow and green zones represent high-risk price points where positions are automatically closed. Above the current price, thick light-blue and teal liquidity pools suggest potential resistance during any retracement attempts. The market structure reflects liquidation-driven volatility, with price likely to gravitate toward high-liquidity bands as traders respond to forced closures.

If the $1.00 support breaks, the next likely target is the $0.94 Fibonacci level, with a deeper corrective move possible toward the high-time-frame support zone at $0.92. The point of control at $1.10 represents the highest volume node within Aster's trading range and has historically acted as a crucial pivot level—rejections from this area have previously triggered significant sell-offs.

Despite the price pressure, Aster's on-chain ecosystem remains robust. The protocol maintains a Total Value Locked (TVL) of $1.385 billion and generates annualized fees of $652 million, indicating sustained network usage. DEX trading volumes reached $3.589 billion over the past 30 days, while perpetual contract volumes totaled $259.147 billion. Open interest stands at $2.305 billion, pointing to active trading. Aster's market capitalization is $2.014 billion, with a fully diluted valuation around $8 billion. The token trades at approximately $1 with daily trading volumes of $323 million.