Aster vs. Hyperliquid: Perp DEX Competition Intensifies, When Will ASTER Price Rebound?

January 20 News, as the competition in the decentralized derivatives trading sector heats up, the comparison between Aster (ASTER) and Hyperliquid (HYPE) is becoming a focal point of market attention. From the price performance perspective, ASTER has recently shown obvious downward pressure, with short-term declines closely related to the overall market volatility triggered after Bitcoin broke below the key support level of $94,500, while deeper reasons point to its relatively weak market position and user activity.

Industry data shows that Cryptorank’s statistics published on the X platform indicate that among current mainstream decentralized exchanges, Hyperliquid leads in trading volume and 24-hour open interest, with market attention significantly higher than Aster. This gap is directly reflected in token performance, with ASTER’s long-term downtrend reinforcing the cooling market sentiment. If it cannot regain liquidity and user share, its price recovery space will remain limited.

From a technical analysis perspective, ASTER’s daily chart shows a clear bearish dominance pattern. Since breaking below the psychological threshold of $1 in mid-December last year, the price has formed a supply zone between $0.83 and $0.91. In early January, the token showed signs of rebound but failed to effectively fill this zone, then continued to decline to $0.813, setting a new stage low. Currently, only by regaining above $1 can a trend reversal be confirmed.

Multiple indicators also confirm the weak pattern. The A/D indicator has been declining over the past two weeks, indicating increased capital outflow pressure; the Awesome Oscillator briefly showed a bullish crossover but quickly fell below the zero line; the DMI indicator, combined with the price making new lows, suggests that the downward momentum has not been fully released.

Looking ahead, a short-term rebound is not impossible. Fibonacci retracement drawn from the recent decline shows that the $0.68 to $0.70 area coincides strongly with the 78.6% retracement level. This zone was previously an important demand zone for bulls, but recent selling pressure has significantly weakened buying confidence. If Bitcoin cannot re-establish above $94,500, ASTER may continue to be under pressure without fully testing this zone.

For traders, a more prudent strategy is to wait for a rebound confirmation. Only when the price breaks through the key resistance levels of $0.81 and $1 will the certainty of long-term capital entering significantly increase. In the context of intensifying competition among decentralized exchanges, whether Aster can redefine its positioning in the contest with Hyperliquid will directly determine the medium- to long-term value trajectory of ASTER.