The cryptocurrency market is witnessing a surprising rise in the price of Aster, which surged above $1 on November 5, 2025, despite a general downward trend. With potential bullish momentum, investors eye a target of $2 if this psychological benchmark holds strong.
Aster Price Surges Despite Market Downturn
Aster, the native token of the decentralized exchange (DEX) platform, has shown impressive performance, climbing more than 15% to hit daily highs of $1.06. This uptick comes amid a broader market decline, where the global cryptocurrency market cap has fallen by 3%. Notably, Aster’s market capitalization rose by 15% to over $2.07 billion during this period.
This rise follows a sharp recovery from a low of $0.91, seen on November 2, 2025, when bullish traders managed to reclaim the $1 psychological level. Despite challenges from broader market forces, this resurgence can be partly attributed to Binance founder Changpeng Zhao’s purchase of 2.09 million ASTER tokens, which boosted trader sentiment.
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
Zhao’s announcement acted as a catalyst for Aster’s bullish turn, with daily trading volume skyrocketing as purchasing pressure increased. However, this upward momentum faced obstacles when Aster’s price dipped to a low of $0.83 on November 4, amid a general market sell-off.
Is Aster Poised for a New Challenge at $2?
Aster’s recent price dip to $0.83 represents a critical support zone, as evidenced by previous October market activity. Following a wave of negative sentiment impacting Bitcoin and Ethereum, which experienced severe downturns, there were fears that Aster could drop to $0.75. Nevertheless, bullish traders regained control, propelling the price back above the crucial $1 mark.
This resurgence correlates with a 12% increase in daily trading volume, reaching $1.56 billion, as increased purchasing activity helps Aster maintain its position above the psychological threshold. On the charts, while the price trend remains generally bearish, breaking out of a descending wedge model suggests that bullish traders might be gearing up to target $1.55—a local peak reached in mid-October—before attempting to breach the $2 mark.
The relative strength index is hovering around 52, remaining above the neutral mark, while the MACD indicator on the four-hour chart signals a bullish crossover.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
