ASTER gives up 28% rally: Is it time to buy after the tokenomics update?

Binance Labs-backed Aster [$ASTER] has erased all its weekly gains amid a broader crypto market pullback. The token initially exploded 28%, jumping from $0.63 to over $0.82, thanks to the new tokenomics update.

According to the new update, 99% of Aster revenue would be channeled to token buybacks, similar to Hyperliquid’s design. Ideally, this would help burn 5 billion $ASTER tokens.

But the bullish catalyst met a key 2026 sell zone and broader market correction that stalled $ASTER bulls.

What’s next for $ASTER?

On the 12-hour price charts, $ASTER momentum was bearish, meaning that short-sellers still had market dominance.

However, dragging the price 24% lower, $ASTER was close to its June support level of $0.60. If the broader correction deepens, then an extended pullback to $0.55 couldn’t be overruled.

Hence, the $0.55 and $0.60 could act as key supports in case of a potential relief in the near term.

That said, if a relief rally ensues, the immediate upside target would be the 200-day MA (Moving Average, blue) currently at $0.70. That would imply a 16% upside potential, especially if the 5B $ASTER token burn program kicks off.

Will Aster lead the altcoin season?

Worth pointing out that Aster has doubled down on tokenization, a broader narrative that analysts believe could be bullish long-term for underlying tokens.

But a much larger altcoin rally, commonly known as altcoin season, could remain elusive at least for some select assets. One of the metrics used to gauge altcoin momentum is the Ethereum outperformance of Bitcoin, as tracked by the $ETH/$BTC ratio.

After rallying between Q2 and Q3 2025, the $ETH/$BTC ratio has been on a downtrend. This meant that it was an altcoin season, as $BTC commanded the market focus.

That said, $ASTER outperformed $BTC in the past 30-days of trading. $BTC was down about 18% over the same period, while $ASTER shed only 9% of its value. Still, other altcoins such as Hyperliquid [HYPE] and Worldcoin [WLD] have double and triple-digit gains.

Overall, the 5B $ASTER token burn target could be a long-term catalyst for the altcoin’s rebound in the mid-term. Especially if the broader market recovers. In the short-term, however, the altcoin must contend with current market sentiment.

Final Summary

• $ASTER reversed its 28% weekly gains amid the crypto market sell-off.
• Aster’s new tokenomics revamp could be a key bullish catalyst in the medium term.