Retail customers can buy and sell the token through the main Coinbase Website, the Coinbase app, and the Coinbase Advanced platform. While the institutional players can get access to this token directly via Coinbase Exchange.
In an X post, the exchange stated that trading will roll out in jurisdictions where Coinbase already offers cryptocurrency services.
The upcoming listing would likely trigger a sharp increase in Aster’s accessible liquidity and daily trading volume. Coinbase serves over 100 million users worldwide, providing immediate exposure to a massive investor base.
Historically, such a listing created short-term volatility in price and boosted token value by roughly 30%-40%, followed by a profit-taking session. If coin price survives this post-listing sell-off, the token price seeks stability at the key level before driving its next trajectory.
The presence of institutional order books on Coinbase Exchange may provide a downside cushion that smaller exchanges cannot match.
Aster Price Rides a Stable Rounding Bottom Recovery
Defying the broader market correction, the Aster price has shown a notable recovery in November. The coin price has bounced from a low of $0.812 to the current trading value of $1.34, accounting for a 64.41% gain.
In the daily chart, this recovery developed like a U-shaped letter or rounding bottom, typically reflecting stability as price gradually strengthens its footing with each uptick. Just yesterday, on November 18, the buyers gave a decisive record from a key resistance of $1.3 and also reclaimed the 50-day exponential moving average.
Now the $1.3 floor acts as a flipped support, while the 20- and 50-day EMA slopes could offer dynamic support to the price. Further analysis of the technical chart shows this recovery as a potential upswing within the formation of a falling wedge pattern.
The chart setup is characterized by two converging trendlines, which allow buyers to recoup bullish momentum before driving a high-momentum rally. Currently, the price is just 7% short of rechallenging the pattern’s resistance trendline for a bullish breakout. If successful, this upswing could accelerate the bullish momentum and drive a sustainable, renewed recovery above $2 mark.
$ASTER/$USDT -1d Chart
On the contrary, if the sellers continued to defend the resistance trendline, the coin price could extend a correction within the wedge formation.