ASTER Crash Turns Opportunity: Traders Eye $1.20 Support Ahead of Airdrop

ASTER fell nearly 47% after Trump’s tariff announcement, testing $1.20 support as traders consider accumulation opportunities.

The airdrop delay to October 20 affects 153,932 wallets, prompting users to verify allocations and adjust trading strategies.

ASTER’s market cap recovered above $2.5 billion, boosted by buybacks and growing ecosystem activity across Ethereum and Polkadot networks

ASTER trades at $1.41 today, surging 9.68% in 24 hours on $1.54 billion volume. Despite a 24% weekly dip, market activity hints at renewed interest, positioning ASTER as a token to watch for short-term rebounds and accumulation.

Price Action and Technical Overview

ASTER showed a steep decline from a recent high of 1.32, representig a represents a 46.67% drop from its peak, signaling a short-term correction. Crypto Patel noted on Twitter that if the support holds, the token could rally to $5 or higher.

Traders are closely watching the breakout zones,Resistance levels at 2.186, while the all-time high sits at 4.646. as breaking resistance could allow substantial upward movement. Consolidation near support suggests buyers may enter, and stabilize prices.

MACD line slightly above the signal line, hints at mild bullish momentum. Stochastic RSI is near oversold levels at 27.45/27.33,may trigger a bounce if buying interest continues. Volume spikes during the sell-off and recovery confirm active market participation.

Airdrop Delay and Community Reaction

The delay has caused visible frustration among traders, with social media reports of allocations far below expectations. Influencer Quinten 048.eth shared that despite substantial referral activity, his airdrop reward was minimal. Many users with large trading volumes reported similar discrepancies, raising questions about allocation accuracy.

The revised airdrop schedule allows users to verify eligibility and adjust strategies. The event’s postponement also gives investors time to monitor market trends and potential accumulation opportunities before the distribution.

Market Recovery and Trending Status

Following the tariff shock, several projects, including ASTER, World Liberty Financial, and Sonic Labs, launched buyback programs totaling over $16 million. These measures aim to reduce circulating supply and restore confidence among investors.

ASTER’s market capitalization rebounded above $2.5 billion after a sharp drop from near $3 billion. Its position as a Layer-1 blockchain and multi-chain smart contracts and strengthens its visibility in both Ethereum and Polkadot ecosystems.

Community engagement, particularly in Asia, has driven notable interest. The current market setup suggests potential accumulation, while technical support levels remain closely monitored by traders.