Aster [ASTER] extended its recent rally, gaining more than 10% over a 24-hour period to trade at $0.65. The upward movement followed growing regulatory optimism surrounding decentralized perpetual futures exchanges.
President Donald Trump stated that CFTC Chair Mike Selig was working to bring Hyperliquid into the United States in a fully compliant and legal manner. Because Aster competes directly with Hyperliquid, traders viewed the news as a sector-wide catalyst, lifting trading volume and funding rates.
Trading Volume and Derivatives Data
Market participation expanded alongside the price gain. ASTER’s trading volume nearly tripled over 24 hours, climbing from $55 million to $152 million, according to data from CoinGlass. Sustained volume is seen as a key factor if the token is to challenge resistance levels at $0.67.
Derivatives positioning also reflected a bullish sentiment. ASTER’s OI-Weighted Funding Rate stood at 0.0069%, indicating that long positions were paying short positions to maintain their trades. While this demonstrated positive market bias, analysts noted that further increases in the funding rate could raise liquidation risks if prices stall.
Technical Outlook
On the technical charts, ASTER rebounded from the $0.60 support level and successfully reclaimed its 20-day, 50-day, and 100-day exponential moving averages (EMAs). The token subsequently tested the 200-day EMA near $0.67, which serves as a notable longer-term hurdle.
A decisive close above the 200-day EMA, backed by continued trading volume, could place focus on the $0.80 range high, whereas a rejection could push the token back toward the reclaimed moving averages.
