Aster price eyes short-term breakout ahead of OKX exchange debut

Aster price is trading near $1.28 as traders brace for volatility ahead of its OKX listing today.

Aster was trading at $1.28 at press time, down about 3.5% in the past 24 hours and nearly 20% lower on the week. The token has been under steady selling pressure since touching its all-time high of $2.41 on Sept. 24. Despite that, trading activity is rising again.

Aster’s (ASTER) spot trading volume reached $1.21 billion in the last 24 hours, up 17.7% from the day before, showing a clear pickup in market participation as anticipation builds around its OKX debut.

CoinGlass data reveals mixed positioning in derivatives markets. Open interest fell 5.6% to $589.6 million, while trading volume increased 9.3% to $2.87 billion. This combination often indicates that traders are switching from long-term positions to short-term ones, which is a common trend preceding a significant listing or event.

ASTER OKX listing adds momentum

OKX confirmed that ASTER deposits opened at 2:00 a.m. UTC, and full spot trading will launch at 6:00 a.m. UTC. Initial controls include a $10,000 order cap to mitigate volatility.

This listing comes shortly after OKX added ASTER perpetual futures in late September. The timing aligns with the project’s rapid growth. It’s decentralized exchange recently hit $42.8 billion in daily perpetuals volume, outpacing some competitors in the same niche.

Aster launched on Sept. 17 and has since expanded to over 70 exchanges with more than 115 trading pairs, according to CoinGecko. 

Though there is still a chance of short-term volatility, upcoming events like the Stage 3 airdrop and the Aster Chain Layer 1 launch in Q4 could increase engagement even more.

Aster price technical analysis

On the 1-hour chart, Aster trades within a narrow range near $1.28, close to the lower Bollinger Band. Following several days of decline, the relative strength index, which is currently at 48, indicates balanced momentum.

The overall trend remains cautious as the short-term moving averages (SMA and EMA 10–20) continue to show slight selling pressure. However, oversold conditions, a zone where reversals often start, are indicated by the commodity channel index and Williams %R.

Stronger resistance is located around $1.65, and a push toward $1.48 may occur if buyers recover the $1.34 level. On the down side, a drop toward $1.10–$1.15 might become possible if $1.22 is lost. With price compression suggesting an early-stage breakout, the setup currently leans neutral to slightly bullish.