Aster (ASTER) Price Forms Bullish Pattern as Buybacks Jump to $4M Daily — Breakout Incoming?

Aster just surprised the market with a significant upgrade to its buyback program, and traders are suddenly paying attention.

With daily buybacks jumping from $3 million to $4 million, momentum is building at a critical moment when the ASTER price is showing signs of a bullish reversal.

Investors are now asking the same question: Can the accelerated Aster buyback trigger a breakout after weeks of decline?

Here’s what the charts reveal.

Aster’s Buyback

On Dec. 8, Aster announced that its stage 4 buyback program has been accelerated.

The new program will conduct $4 million in daily buybacks, an increase from the previous $3 million.

According to the team,

“This acceleration allows us to bring the accumulated Stage 4 fees since Nov. 10 on-chain more quickly, providing more support during volatile conditions.”

The Aster team also stated that they will reach steady-state execution in 8-10 days.

ASTER’s price has fallen significantly since its launch, but it could utilize the positive momentum to initiate an upward movement.

ASTER Price Analysis

While ASTER has fallen under a diagonal resistance, there are signs that the downward movement could end soon.

The most prominent is a double bottom pattern, considered a bullish pattern.

The double bottom is also accompanied by bullish divergences in the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD).

Such divergences legitimize the pattern and could lead to a significant rally.

If the ASTER price breaks out from its diagonal resistance, it could reach the closest Fibonacci resistance $1.08-$1.14.

Can the Buyback Trigger a Breakout?

The double bottom pattern suggests a shift in sentiment, but breakout confirmation has not yet arrived.

Aster’s accelerated buyback could not come at a more critical time.

If it strengthens demand and ASTER breaks above its resistance, the price could finally reverse its long downtrend.

Until ASTER reclaims its resistance level, the trend remains technically neutral.

Traders will be watching closely over the next week as buyback volume ramps higher.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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