Aster [ASTER] extended its rally, gaining over 10% in 24 hours to $0.65. The move followed growing regulatory optimism around decentralized perpetual futures exchanges.
President Donald Trump said CFTC Chair Mike Selig was working to bring Hyperliquid into the U.S. He said the process would happen in a “fully compliant and legal fashion.”
Because Aster directly competes with Hyperliquid, traders appeared to treat the news as a sector-wide catalyst. Trading Volume and Funding Rate also increased, placing $0.67 and $0.80 under focus.
Could Hyperliquid’s U.S. entry help Aster?
Trump’s comments strengthened optimism across the already bullish crypto market. Hyperliquid’s compliant U.S. entry could signal a more accommodating environment for decentralized derivatives.
As a perpetual futures DEX backed by Changpeng Zhao [CZ], Aster could benefit from greater sector-wide attention and capital.
Zhao recently argued that any preferential treatment granted to one firm should extend across the industry. This makes ASTER’s rally unusual: Traders are pricing a rival’s regulatory progress as Aster’s opportunity.
Does Aster’s volume confirm the rally?
ASTER’s Trading Volume climbed from $55 million to $152 million over 24 hours, nearly tripling. The expansion confirmed stronger participation behind the 10% price gain.
Sustained Trading Volume could help ASTER challenge $0.67. However, volume must now survive beyond the regulatory headline.
Are ASTER traders becoming too bullish?
Derivatives positioning also leaned bullish.
ASTER’s OI-Weighted Funding Rate stood at 0.0069%, meaning Longs paid Shorts to maintain their positions. The positive reading reflected a modest long bias.
Further increases could crowd Longs and raise liquidation risk during a reversal. Funding confirmed optimism. It also showed where the rally could become vulnerable if price stalled.
Can ASTER reach $0.80?
ASTER bounced from $0.60 support and reclaimed the 20-day, 50-day, and 100-day EMAs. The token then tested the 200-day EMA near $0.67.
Reclaiming these averages strengthened the short-term and medium-term structures. However, the 200-day EMA remained the longer-term hurdle.
A decisive close above $0.67, supported by Trading Volume, could open the $0.80 range high. A rejection could return ASTER toward the reclaimed EMAs before another breakout attempt.
Hyperliquid opened the regulatory door. ASTER must prove rival platforms can walk through it too.
Final Summary
- ASTER gained over 10% as Hyperliquid’s potential U.S. entry lifted decentralized derivatives optimism.
- Aster’s Trading Volume nearly tripled from $55 million to $152 million.