ASTER experienced a significant decline as the token's price fell below $0.82, triggering long liquidations amounting to $4.9 million within 24 hours. The drop was accompanied by a collapse in trading volume and a negative shift in the fear and greed index, indicating a weakening market structure.
Derivatives data revealed a decrease in open interest, suggesting that the selloff was driven by forced exits rather than new selling pressure. An attempted recovery to $0.79 was short-lived, as resistance at previous demand levels maintained the fear and greed index in negative territory.
ASTER Token Plummets Amid Leverage-Driven Selloff
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