Aster’s quiet launch has turned loud following endorsement from ex-Binance CEO Changpeng Zhao, fuelling a growing number of bullish Aster coin price predictions.
The Binance-based perpetual futures DEX has already surged more than 500%, climbing to a $400 million market cap as speculators label the altcoin a Hyperliquid competitor.
To their credit, Aster already ranks as the fourth largest perps DEX by volume, according to DefiLlama data. It outperforms the likes of MYX, which sits at $2 billion market cap.
Perp DEXs ranked by volume. Source: DefiLlama.Still, it remains distant from challenging Hyperliquid, receiving 10x less daily volume and 21x less weekly volume.
As a newly launched token, ASTER stands to see volatility, particularly tied to the influence of CZ, with short-term speculative trading likely amplifying swings.
ASTER Coin Price Analysis: Is this the next 100x DeFi play?
The Aster rally looks primed for continuation following the breakout of a falling wedge pattern that has been forming since its launch high.
ASTER / USDT 15-min chart, falling wedge breakout. Source: TradingView.While early post-breakout momentum faltered, the token has now found firm support, bouncing from $0.70 as indicators stabilize.
The RSI has reset into more neutral territory after narrowly avoiding the oversold threshold, a level that typically marks local tops. At 55, there is more upside potential.
More so, the MACD line continues to hold above the signal line, pointing to resilience in the wider bullish trend.
If fully realized, the wedge breakout targets a return to Aster’s launch high near $1.30, marking a potential 130% gain from current levels.
Breaking free of this range, and with continued shilling from industry figures, ASTER could push into new price discovery. This would target the next milestone at $5, a 745% jump from here.
Such a climb would better align spot value with network activity. But a true 100x rally will hinge on sticky user growth and sustained adoption beyond the early hype of its debut.
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Click Here to Participate in the PresaleThe post Aster Coin Price Prediction: CZ-Backed Hyperliquid Rival Launches Stealth – Is This the Next 100x DEX Gem? appeared first on Cryptonews.
