What to Know
- Aster down 6.5% in 24 hours and –47% over 30 days, underperforming the broader crypto market.
- CZ’s $2M token buy sparked a short-lived 38% rally last week, but the hype faded.
- Alchemy Pay integration now allows global fiat purchases of $ASTER, potentially helping demand and supply.
ASTER has dropped about 6.5% over the past 24 hours, while over the last 30 days the decline deepens to roughly –47%. In contrast, the broader crypto market fell by only around –0.77% in the same 24-hour window. Despite that sharp pull-back, there’s a glimmer of hope: the fiat on-ramp service from Alchemy Pay now supports ASTER, potentially opening up fresh demand.
What Happened
Aster’s steep drop is due to a number of factors. Overall, the crypto market is feeling risk-averse. The Fear & Greed Index is at 21, which is very high. As Bitcoin’s dominance grows, fear and money are moving toward more established assets like it. Open interest in ASTER Futures went up to $477 million, which means there are leveraged bets that make prices more volatile. There hasn’t been an oversold bounce yet, according to RSI 46.67, which means that the downward momentum is still going strong.
Aster fell below its pivot point ($1.06) and 7-day SMA ($1.02) and is now testing the $0.93–$1.00 support zone, which is the 0.618 Fibonacci level. People are still skeptical because of past claims of wash trading and volume inflation, which have hurt trust in the token and its platform. In risk-off settings, altcoins are the first to go, which makes ASTER look especially weak.
Alchemy Pay Integration
On the positive side, the partnership with Alchemy Pay is meaningful. Alchemy Pay’s fiat on-ramp now supports ASTER, meaning users around the world can buy it with cards, wallets or bank transfers. That could bring in new fiat-based buyers, expanding access beyond crypto-only channels. This kind of real-world fiat to crypto flow is often overlooked in altcoin recoveries.
For the Aster project, this integration signals that the team is working to improve accessibility and adoption. In theory, as more fiat flows in, buying pressure could stabilise the price and eventually trigger upward momentum.
Climb Before the Drop
Just last week, ASTER experienced a sharp rally when CZ, founder of Binance, publicly revealed he purchased about 2.09 million ASTER tokens at roughly $0.91 each. That disclosure caused ASTER’s price to surge from about $0.91 to ~$1.28 in a matter of hours a nearly 38% leap.
The surge came amid a broader market shake-out where over $1.8 billion in leveraged positions were liquidated, yet ASTER briefly stood out as one of the rare altcoins with positive momentum.
However, that bounce was short-lived following that spike, the token ran into the broader market slump, sector-wide risk-off mood and its own structural challenges, which now leaves it under pressure again.
What to Watch
If you’re watching ASTER, here are some important signs to look for: it should stay above $0.93 and $1.00. If ASTER closes below $1.00, it could lead to more selling, but only if the daily close is above $1.03. That would help prove that the bearish structure isn’t real and could be the start of consolidation or a reversal. ASTER is trading for about $1.03 right now.
We need to see how the ASTER price changes when new fiat comes in through Alchemy Pay and other on-ramps. And lastly, the mood of the whole market. When the larger crypto market bounces back, altcoins like ASTER usually do well. On the other hand, strong bear sentiment will keep things tense.
Final Thoughts
ASTER’s recent slump reflects both broad-market fear and project-specific doubts. Despite excitement from CZ’s $2 million token purchase that sent ASTER soaring nearly 38%, proving how quickly sentiment can flip in crypto. That said, the Alchemy Pay integration gives a meaningful boost to the “demand side” of the equation. If new fiat buyers show up and trust improves, ASTER could stage a recovery. But it’s important to emphasise, this is not guaranteed. Holding the support zone and getting fresh inflows are essential. In a market still gripped by “extreme fear,” there’s risk and potential in equal measure.
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