Astor has been in the spotlight since last week and has attracted intense attention as the wider crypto market moves into the corrective phase. Released on September 17th, the token held an extraordinary rally, which surged over 6,000% in just a few days. Traders and investors around the world have found themselves pointing to Aster’s rapid rise, reflecting a strong appetite for innovative projects in diversified finance.
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What sets Aster apart is that the surge isn’t just speculative hype. The project is supported by YZI Labs (formerly Binance Labs), enjoying the general approval of former Binance CEO Changpeng “CZ” Zhao, lending reliability and visibility from the start. Posed as a direct competitor of established and persistent dex, Aster has the support and branding to open up a significant share of the market.
However, meetings are not without turbulence. After reaching the all-time high (ATH) on Wednesday, Aster went back more than 28%, highlighting the volatility that often follows the parabolic movement. As the market is recalibrated, the next few days will reveal whether this fix is a healthy reset or a deeper pullback warning.
Mrbeast’s Aster Buying Causes Controversy among Traders
Aster’s meteor rise gave another twist in the surprising development reported by Lookonchain. According to on-chain data, Mrbeast has purchased 538,384 Aster, which has been rated at around 990K in the last three days. He promoted the purchase via two wallets (his public address (0x9E67) and one newly created (0x0E8A)) after depositing 1M USDT into the ecosystem. Based on calculations, his average entrance price is around $1.87, and despite Aster’s recent volatility, he is profiting.
For some traders and investors, Mrbeast’s entry is a bullish signal. Inference is simple. Having a major global influencer publicly associated with Aster will further increase their vision, adoption and speculative interest. His reach, spanning millions of followers across the platform, could serve as a catalyst for sustained hype and liquidity influx.
However, not everyone is looking at this development positively. Certain analysts consider such well-known entries as potential “top signals.” They argue that when mainstream numbers publicly buy into rapidly rising assets, it often marks the peak of speculative enthusiasts rather than the beginning of further profits.
There is one fact that remains regardless of the argument. Mrbeast’s involvement has fueled the already intense topic surrounding Aster. Whether this marks a warning moment or whether this is the beginning of a new stage of growth, the hype cycle continues to dominate market sentiment.
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Price analysis: Key level integration
Aster currently trades around $1.84, showing signs of stabilization after a sharp pullback above $2.40 from its recent high. The hourly chart highlights how sales pressures will be stronger after peak, confirming a series of highs confirming short-term debilitating. However, the tokens were able to be kept near the $1.80-$1.85 zone. Here, the 50 EMA (Green Line) serves as a dynamic level of support.
The volume of trading surged, particularly during the sale, suggesting that offensive profits have driven the revision after a parabolic surge since Aster’s launch. Nevertheless, recent candles have shown a shrinking reduction. This often indicates that bearish momentum is declining. If the Bulls can defend their current range, the integration phase could set a potential recovery phase.
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Conversely, Aster faces immediate resistance near $1.95-2.00, consistent with a 200 EMA (blue line). Breaks and closes above this level enhance the case that rebounds to $2.20. Conversely, failing to exceed $1.80 opens the door to deeper losses and supports $1.60.
Dall-E special images, TradingView chart