Two altcoins are testing critical technical floors as November selling pressure continues. ASTER, the governance token of the Aster perpetual futures exchange on BNB Chain, fell about 5.79% over 24 hours to roughly $0.6398 on Monday, according to CoinMarketCap data. That pushed the token below the $0.68 support that buyers had defended for most of October and reduced its market capitalization to $1.77 billion. The decline took ASTER as low as $0.6240, and the 7-day loss now stands at 8.26%.
The breakdown followed a period of weakening structure. Between September and early October, ASTER printed three lower highs near $0.79, $0.77 and $0.76, showing sellers becoming more willing to exit. The October range of $0.68 to $0.72 broke on November 9 with a high-volume red candle, while the rebound from $0.6240 has arrived on much lighter volume. The daily RSI dropped to 31.32, close to oversold territory, but analysts note that oversold readings can persist during strong declines.
Key resistance now sits near the old floor. The 50-period exponential moving average on the four-hour chart is at $0.6806 and the 0.618 Fibonacci retracement is at $0.6801, forming a cluster with the broken $0.68 support. Additional resistance extends to $0.6980-$0.7044, while the first hurdle for any recovery is $0.6454. A close below $0.6240 could bring the psychological $0.6000 level into view. ASTER remains roughly 74% below its September 2025 launch-era high near $2.42.
Stellar is also under pressure. XLM was trading near $0.1528, down 0.89% on the day, after repeated rejections from the $0.157 area. The November 9 data shows buyers attempting to protect the $0.150-$0.156 support region identified as an accumulation zone. Derivatives positioning is substantial across major exchanges. Binance leads open interest with about $33.08 million, followed by Bybit at $32.56 million and Gate at $31.02 million. Binance also leads futures volume at $35.90 million, while LBank recorded the most trades at 648,250 transactions. Spot volume, however, declined 43.62%, suggesting that stronger demand is needed to confirm recovery.
For XLM, daily acceptance above $0.170-$0.180 would be a first recovery step, opening the $0.200-$0.220 resistance region. A stronger advance above $0.220 would improve the broader structure, with later barriers at $0.240-$0.260, $0.280-$0.300 and $0.340-$0.360. Failure to hold $0.150 would expose the $0.140-$0.145 support floor. Both tokens face a macro backdrop that includes Bitcoins drop to $76,000 on November 5, which triggered more than $1 billion in leveraged liquidations.
