Aster's recent performance is quite interesting. The price has retraced 1.24% over the past 24 hours, appearing somewhat weak, but the story behind it is far from simple.

From a community perspective, Aster has garnered considerable support. An impressive 90.9% bullish ratings are rare in the market, indicating that holders remain confident in the project's future. Beyond community sentiment, the project itself is making steady progress. Development of the L1 chain, a regular buyback mechanism, and integration with top-tier exchange wallets are all ongoing. Public endorsements from industry experts also add significant weight to the project.

From a technical standpoint, the current price is approaching the lower Bollinger Band region, and the RSI indicator shows clear signs of overselling. This often signals a potential rebound. Meanwhile, market volatility is gradually decreasing, and such low volatility often precedes directional price movements.

Of course, risks must also be acknowledged. The MACD histogram indicates increasing negative momentum, and the price is currently trading below all major EMA lines, which is a short-term pressure signal. Additionally, some voices in the community question whether the fully diluted valuation of Aster relative to its on-chain actual value is reasonable, along with concerns about the authenticity of trading volume and the activity level of the codebase.

Liquidity pressure should not be overlooked either. The token's liquidity is quite sensitive to the overall market, and ongoing unlocking events could create some selling pressure in the near term.

In summary, Aster is currently in a state of technical oversold conditions, with fundamental support but also clear risks. How you view this stage depends on your confidence in the project's ecosystem development.