- Aster Token is down more than 20 percent following the news of influencer payments that are not disclosed, creating doubts about transparency and the credibility of the project.
- The token is also trying a critical ascending trend line at 1.65, which buyers have been repelling buyers on each time there was a correction.
- Rebound to a range of $1.80 to 1.90 may still be possible in case the trend returns, however a failure may drive the prices to the range of 1.45 to 1.40.
Aster Token is currently trading just above a key ascending trendline support after experiencing a decline of over 20% this week due to recent allegations claim of non-disclosure of promotional payments associated with the influencers involved in the project.
Price Tests Critical Technical Support on 4-Hour Chart
According to Alpha Crypto Signal, Aster Token is testing a key ascending trendline support on the 4-hour chart. This level has consistently attracted strong buying interest in recent weeks. Currently trading around $1.65, which is in line with the trendline, but below the 9 EMA ($1.81) and 50 SMA ($1.92). Since the end of September, the structure has served as a consistent support level for bullish reactions, with traders continuing to put some value in this area.
Although selling from the previous days may have generated some volatility, volume is beginning to normalize, which is indicating that the selling volume of the bears may not be as significant in this range anymore.
If the buyers can hold this structure, then we may see a short move back into the $1.80–$1.90 area. However, analysts note that a breakdown below the trendline could expose Aster Token to deeper losses, with the next support seen around $1.45–$1.40.
Influencer Payment Allegations Trigger Sharp Sell-Off
On 9 October, 2025, Aster Token crashed by over 20% within one day.. The decline came after reports surfaced alleging that key opinion leaders received six- to seven-figure undisclosed payments for promotional activities. The claims circulated across social media, sparking widespread selling pressure.
Following the allegations, DeFiLlama reportedly delisted Aster’s trading data due to suspected wash trading behaviors similar to those previously observed on Binance.This has added even more doubt to how accurate Aster’s documented trading volume and liquidity levels actually are.
As of October 10, 2025 Aster development team has not issued a statement to discuss any of these issues. Similarly, there is also no response seen by the influencers cited in the allegations, and this raises the question of transparency and standards of governance within the project by the investors.
Traders Watch Trendline for Possible Recovery or Breakdown
Market participants are now closely monitoring whether Aster Token can hold above its ascending trendline. The zone has proven critical in maintaining bullish structure in previous sessions.A sustained defense could draw interest again from short-term traders probing a recovery setup.
Alternatively, a definitive candle close below this support could confirm a structural breakdown, possibly extending the developing correction. Analysts say that this may lead momentum firmly toward sellers until we reach the next accumulation level.
For now, the market is at a standstill where technical traders are focused on the $1.65 support level and fundamental watchers are waiting for Aster team to provide formal communication. The next couple of sessions likely will decide whether the trend line holds or there is a continuation of downside for Aster Token.
