Aster Surges 6,000% Amidst MrBeast’s $990K Investment

Aster has gained significant attention due to a remarkable rally of over 6,000% since its launch on September 17. Backed by Yzi Labs and endorsed by former Binance CEO Changpeng Zhao, Aster aims to compete with established perpetual DEXes.

After reaching an all-time high, Aster's value retraced by more than 28%, highlighting typical volatility after rapid ascents.
MrBeast, a major influencer, purchased 538,384 ASTER tokens worth approximately $990K, sparking debate among traders.

MrBeast Aster transactions | Source: Lookonchain

Some view MrBeast's involvement as bullish, potentially boosting visibility and interest in Aster.
Others warn that influential figures buying into surging assets may signal a market peak.

Price Analysis: Consolidation Around Key Levels

ASTER is trading around $1.84, stabilizing after pulling back from highs above $2.40. The token is holding near the $1.80–$1.85 zone, supported by the 50 EMA. Trading volume increased during sell-offs but recent reduced volumes suggest fading bearish momentum.

ASTER testing critical level | Source: ASTERUSDT chart on TradingView

Immediate resistance lies at $1.95–$2.00, aligned with the declining 200 EMA.
A break above this resistance could lead to a rebound toward $2.20.
If ASTER falls below $1.80, deeper losses are possible, with support at $1.60.