ASTER is gaining lots of interest as its price hovers around $2.00 and traders argue about what comes next. 

On X (formerly Twitter), well-followed analyst WhaleGuru called the project a “big red flag,” even using the word “scam,” yet in the same thread said the setup might actually fuel a powerful rally. The mix of warning and optimism has sparked a heated debate across the crypto community.

Read Also: The Next Big Crypto Clash: Hyperliquid vs. Aster Dex in the Race for 10x–50x Gains

ASTER Supply Concerns Meet Bullish Hopes

In his post, WhaleGuru said ASTER launched on a Saturday night with about 80% of its supply in just a few wallets. 

He warned that such heavy concentration can drain liquidity from other altcoins. He also described the broader market as “exhausted,” with retail traders “broke,” which he said makes the token look risky.

Then he switched gears. He argued that this same structure could bring in millions of new participants over the next couple of months. In his view, that surge of fresh interest could set up “the next leg higher,” making the current weakness part of a bigger bullish phase.

How ASTER Price Is Moving

On Bybit’s 4-hour chart, ASTER has shown strong momentum in the last five days. This week ASTER price surged from around $0.80-$0.90 to a local high near $2.30 before settling into a $1.80–$2.10 consolidation range.

Source: TradingView

Support sits near $1.90, where several candles have bounced. Greater support is found at $1.60-$1.70, with the key base of this move at $1.20-$1.30.

Resistance stands at $2.10-$2.20, with the recent high of $2.30-$2.35 being the next significant resistance. A break above those levels would pave the way to $2.50-$2.60.

Read Also: Crypto Analyst Explains Why He’s Still Buying $ASTER at $2 and Sees Massive Upside

What Traders Are Watching Next

Aster remains above its 200-period simple moving average, an indication that the higher trend persists.

If ASTER price can continue to form higher highs above $1.90, another move towards $2.30-$2.50 remains on the table. A drop under $1.90, on the other hand, could bring the $1.60-$1.70 zone back into focus.

With strong opinions on both sides and sharp moves on the chart, ASTER remains a token traders are watching closely for its next big swing.

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The post Expert Says ASTER Is a ‘Red Flag’ – Here’s Why appeared first on CaptainAltcoin.