Aster token price is on the rise as Trump’s pardon of Changpeng “CZ” Zhao and a new trading rewards campaign boosted investor confidence.
Summary
- Aster price rose 15% to $1.14 amid Trump’s CZ pardon.
- Trading volume and open interest surged, indicating renewed confidence.
- A $200K incentive campaign added further momentum to the rally.
At press time, Aster was up 15% in the past 24 hours, trading at $1.14. The token remains down 10% over the past week and is still 52% below its all-time high of $2.41, recorded on Sept. 24. However, short-term sentiment appears to be turning positive
Aster’s (ASTER) 24-hour trading volume jumped 13% to $833.7 million. According to CoinGlass data, derivatives volume climbed 10.56% to $2.16 billion while open interest also increased 3.78% to $482 million. This indicates an uptick in speculative positioning and renewed trader confidence.
Trump’s CZ pardon, Aster incentive campaign spark rally
President Donald Trump fully pardoned CZ on Oct. 23, reversing his 2023 conviction for anti-money laundering offenses and ending a period that had negatively affected market sentiment. The decision, according to the White House, puts an end to the “war on cryptocurrency by the Biden Administration.”
CZ, who served a four-month prison sentence in 2024, has since shifted his attention to Aster, a decentralized perpetual futures exchange backed by YZi Labs, his family office. While not affiliated with Binance, Aster has become CZ’s new flagship venture and his preferred trading platform.
Aster’s latest “Rocket Launch” campaign, announced the same day as the pardon, further boosted activity. The initiative rewards traders with $200,000 worth of ASTER and AT tokens for engaging in spot and perpetual markets. Its first campaign features APRO Oracle, an early-stage data provider for real-world assets, artificial intelligence, and decentralized finance projects.
Participants must trade at least $1,000 in AT/USDT volume and maintain a 100 ASTER balance throughout the event, which runs from Oct. 24 to Nov. 6.
Aster token price technical analysis
ASTER has recovered from a weekly low of $0.95 and is now consolidating around $1.14 on the hourly chart. The price has reclaimed the middle Bollinger Band, indicatong stabilizing momentum. The upper band at $1.16 now acts as immediate resistance, while the lower band near $0.99 serves as support.
Although it is approaching overbought conditions, the relative strength index at 65 shows increasing momentum. Short-term indicators like the MACD and EMA (10, 20, 30) are still in sell territory, suggesting that if volume declines, the rally may encounter resistance.
A bullish breakout with targets close to $1.25–$1.30 could be confirmed by a close above $1.16. On the other hand, a decline below $1.08 might signal a pullback toward $0.98.
