Aster (ASTER) climbed 5% on Monday, moving toward a breakout from a symmetrical triangle pattern. The dark pool decentralized exchange (DEX) token outpaced Tether’s USDT stablecoin in 24-hour fees while also reaching a record Total Value Locked (TVL), both of which strengthen its bullish outlook.
The project also announced new incentives for long-term position holders during the final epoch of Genesis Stage 2, a move designed to lift sentiment and deepen user engagement.
Aster posts new DeFi records
Data from DeFiLlama shows that Aster generated $25.06 million in fees over the past 24 hours, surpassing Tether’s $22.21 million, reflecting growing transaction activity on the platform. At the same time, Aster’s TVL reached an all-time high of $2.272 billion, underscoring increased liquidity and user participation.
To further drive adoption, Aster introduced rewards of up to 10 times the standard Rh points depending on position-holding duration, capped at twice the weekly trading volume. These Rh points determine allocations from 4% of ASTER’s total supply, set aside for community airdrops.
Technical outlook: triangle breakout could unlock further gains
ASTER continues to consolidate within a symmetrical triangle formation on the 4-hour chart, with the upper trendline aligning closely with the $2.00 round-number resistance. A decisive breakout above this level would pave the way for an advance toward the R1 pivot at $2.43, implying nearly 20% upside potential.
Momentum indicators support the constructive bias. The Moving Average Convergence Divergence (MACD) is approaching a bullish crossover, while the Relative Strength Index (RSI) has pushed above 54, signaling renewed buying pressure.
