The price of the Aster (ASTER) token surged approximately 5% in a single day following a social media post from Binance founder Changpeng Zhao (CZ), which revealed he had staked an undisclosed amount of the asset. This move, occurring as ASTER's price had declined 5% year-to-date and touched an all-time low of $0.50, provided a significant confidence boost to the token's major holders.
According to data, around 97% of ASTER's total supply—roughly 7.7 billion tokens—is held by the top 100 wallets. CZ's public endorsement is seen as reinforcing the conviction of these large holders, potentially reducing selling pressure. However, the event has also intensified scrutiny over the token's high centralization, with analysts questioning whether the hype translates to sustainable yield or merely deepens the asset's vulnerability to market manipulation.
The immediate technical focus for ASTER is the $0.70 resistance level. A successful breakout above this point is considered critical to confirming the momentum shift from a short-term spike to a sustainable recovery. Failure to hold this level could see sellers re-enter, demonstrating the market's sensitivity to centralized influence.
This news comes alongside detailed long-term price predictions for ASTER from analysts. Coinpedia forecasts a 2026 trading range between $1.00 and $3.50, with a long-term outlook suggesting gradual growth potential to approach $17 by 2030, contingent on broader market conditions and the project's ability to break key resistance levels.
