#ASTEER it’s really hot today, 27/09 - there was a surprise, yes.
The latest news today
The main one: Phase 4 of the token buyback was brought forward to TODAY. Originally it was December 10, but the Aster perpetuals DEX announced on X that it will happen now. They will publish the execution wallet after the first day. This is important because they allocate 70-80% of trading fees to repurchase ASTER
This comes in the wake of another fundamental September bomb:
Team allocation locked for +12 months: On 01/09 the team extended the cliff of 400 million ASTER (5% of the maximum supply) from 17/09/2026 to 17/09/2027. That is, 10 million ASTER per month that were going to start unlocking this month will not hit the market for another year
Practical effect: less sell pressure exactly at the resistance point. The listing on Robinhood also gave it a boost recently.
• Key support: US$ 0,66 - if it rejects the breakdown, this is where bulls need to hold to keep the structure intact. Other analysts point to immediate support between US$ 0,625 and US$ 0,57-0,63 • Wedge bottom support: US$ 0,5989 •
Bullish scenario: Weekly close ABOVE US$ 0,7305 confirms the breakout. Measured target of the pattern: US$ 0,8621 - about +18% from the current price. If it closes daily above US$ 0,81, some see room up to US$ 1,20.