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Aster has launched a new token repurchase strategy, allocating up to 80% of the platform's daily fees for ASTER market buybacks. The original intention of this policy design is to support the token price by reducing circulating supply, but in practice, market reactions have been somewhat lukewarm.
Currently, ASTER has fallen below the 0.7 level, leaving plenty of room before reaching previous support levels. From a technical perspective, if the downward trend continues, the 0.5 price range is worth paying attention to — that was also my previous exit point.
Interestingly, no matter how good the buyback policy is, it seems to be no match for the overall market sentiment. At this point, it actually becomes an opportunity for accumulation. When the price truly dips near 0.5, consider entering in batches, as a good buyback mechanism can provide long-term support. However, this depends on the overall market performance and the subsequent development pace of the ASTER ecosystem.