Major Perpetual DEXes See 30% Trading Volume Decline
- Significant Volume Decline: On January 23, DefiLlama reported that trading volumes for Hyperliquid and Aster dropped by approximately 30%, with Hyperliquid's volume falling to about $6.2 billion, highlighting increased volatility in the decentralized finance sector that affects liquidity and capital flows.
- Ethereum Volume Drop: Ethereum experienced a notable 34.27% decline in trading volume over the past 24 hours, prompting market attention towards decentralized exchanges and potentially impacting the performance of associated tokens.
- Market Focus: Despite the drop in trading volumes, Hyperliquid maintains its leading position, with market observers closely monitoring the implications of this trend on DeFi protocols and their tokens, reflecting the challenges faced by decentralized exchanges.
- Dynamic Industry Changes: In Q4 2025, Aster and Lighter surpassed Hyperliquid's monthly trading volumes, indicating dynamic shifts within the perpetual DEX sector, with market concerns regarding potential tightening of regulations and shifts in trading preferences emerging.
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Technical Analysis for ASTER
Technical Sentiment Analysis for Aster (ASTER) As of , Aster (ASTER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ASTER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ASTER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aster (ASTER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.173 | 0.288 | 0.424 | 0.539 | 0.675 | 0.79 | 0.926 |
| Fibonacci | 0.288 | 0.384 | 0.443 | 0.539 | 0.635 | 0.694 | 0.79 |
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