ASTER Price Could Hit $1 as Token Burns and Mainnet Spark Momentum

Highlights:

• Aster making higher lows in the hourly time frames signifying bullish momentum
• Bullish sentiment driven by token burns, an upcoming mainnet, and institutional capital
• Sustained upside momentum could see ASTER push higher in the short term

Aster (ASTER) is one of the best-performing cryptocurrencies in the last 24 hours. This is on a day that most of the cryptocurrencies are still in the red. At the time of going to press, ASTER was trading at $0.692, up by 7.05% in the day. However, ASTER trading volumes have dropped sharply during the day. Volumes are down by 8.28% to stand at $291.2 million. 

The drop in volumes is an indicator that while the average investor is not yet buying ASTER in huge volumes, holders are not keen on selling. The holder’s expectation that the price could keep going higher could offer a price floor, even as new holders continue to push prices higher going into the future. Looking ahead, there are multiple factors that could push ASTER higher besides holder resilience.

Ongoing Token Burns May Lift ASTER Price to $1

One of them is the token burns that are continually helping take away from ASTER’s supply. Since late January, more than 209 million ASTER tokens have been burned. This is a sizeable amount of tokens, and could positively affect the demand and supply dynamics going into the future.

[Important Notice] 100% S4+S5 Buyback Token Burn Executed 🔥

Following the completion of our Stage 4 and Stage 5 buyback programs, we have executed a 100% token burn of all bought-back tokens.

Execution Details (Feb 5, 2026, 13:00 UTC):
A total of 98,400,345.46 $ASTER tokens… pic.twitter.com/BSBJn08jx0

— Aster (@Aster_DEX) February 5, 2026

Besides, since investors associate token burns with long-term value growth, the latest token burns could trigger an inflow of fresh retail capital. The result is that ASTER could push back to prices above $1 in the short term, and retest its all-time highs once the broader market regains momentum. 

ASTER’s Strong Institutional Backers Are A Confidence Boost

Besides the token burn appearing to excite the market, ASTER has the advantage of being backed by some of the biggest names in cryptocurrency. Among the most notable investors in ASTER is Changpeng Zhao, the founder of Binance. The impact of such influential names holding ASTER is two-fold. First, it can help draw in investors, both institutional and retail, drawn in by the big names involved. 

Already, this is evident in the fact that since CZ Binance bought ASTER, many other whales have invested millions of dollars into the token. As more of these big players continue to buy, ASTER could outperform, regardless of how the broader market performs short term.

This aspect of ASTER could especially play a critical role in price action now that its price is standing out from the rest of the market. The average investor getting to learn of ASTER and the kind of people and institutions backing it up could help push its price to new highs in the short term. 

An Improving Macro Environment Could Play In Aster’s Favor

The broader market is also likely to play a role in ASTER’s price action going into the future. The US released a series of economic data, and they showed an economy that is overall healthy and growing. This is a big deal given all that is happening in the geopolitical space, especially with regard to tariffs.

Once the market starts responding positively to this news, the price of ASTER could rally to the last all-time high, or even higher. The fact that ASTER plans to launch its mainnet this year could also add to the momentum once the broader market starts showing positive price action.

I woke up to see $ASTER hitting $0.7

Wondering what might be the reason,

Then I saw the news that they will be
launching their privacy chain in March

Are you now bullish on @Aster_DEX ?? pic.twitter.com/xXJbRegRo9

— Tega (@0xtega_) February 12, 2026

Technical Analysis – ASTER Trading In a Bullish Channel

Aster is currently making higher lows while trading in a bullish channel. Every slight dip in price intraday is being quickly bought up. If the current price action continues, the key level to watch would be the 24-hour high of $0.722.

If ASTER bulls push the price through this resistance, a rally to $1 could follow. On the other hand, if there is a correction through the $0.683 support, it would indicate an end to the bull trend. In such a case, a drop to $0.647 could follow. Of these scenarios, a rally to $1 is more likely. This is due to positive US data, an upcoming ASTER mainnet launch, and ongoing token burns.