Aster Price Plummets 15% Amid $4.6M in Long Liquidations

Aster's price plummeted by 15% after a rally driven by optimism over regulation around decentralized perpetuals exchanges. The altcoin fell from $0.77 to a low of $0.61, breaching the $0.7 support level.

The market conditions changed amid renewed trade war tensions between the U.S. and Canada, leading to a broader crypto market retracement. This caused Aster's price to drop, with over $4.6 million in long liquidations triggering panic exits across the derivatives market.

The intense sell pressure has weakened the altcoin's bullish momentum, with its Relative Strength Index (RSI) dropping to 54 from 87. If the pressure continues, Aster may drop below $0.6, with $0.59 as key support.