- 1 ASTR price prediction demonstrates the bullishness on the daily timeframe.
- 2 Astar Price is trading above the key moving averages, showcasing bull dominance on the daily chart.
Astar Crypto (USD: ASTR) is showing solid momentum and heading towards the $0.2200 level. This positive trend indicates that an upward momentum for ASTR Crypto towards the expected target of $0.2200 is possible. Hence, bulls are likely to sustain long cryptocurrency positions. Astar Crypto is trading above key moving averages, indicating a bullish outlook.
Moreover, chart structures based on recent trading sessions show a bias in favor of bulls. Crypto has gained momentum and is poised for an uptrend that could reach the upper level. The inclined activity and momentum also support the optimistic viewpoint of market buyers.
At the time of writing, Astar Crypto was trading at $0.1768 with an intraday gain of 0.23%, showing positive sentiment and a positive outlook on the daily charts. Additionally, the intraday trading volume was 38.59 Million and the market capitalization was $974.49 billion.
Furthermore, as buying volume advances, the price might create higher highs and new highs to sustain bullish momentum. Hence, Astar’s price is anticipated to move higher and remain solid on the daily chart.
Technical Analysis of Astar Crypto Price in 1-D Timeframe
Source: Tradingview
Currently, Astar Crypto (USD: ASTR) is trading above its 50-day and 200-day daily moving average (DMA), which supports the price momentum. The present RSI value is 56.75 points. The 14 SMA is above the midline at 61.07 points, indicating a bullish trend for Astar Crypto. The MACD line at 0.0105 and the signal line at 0.0122 are above the zero line.
There is a negative crossover on the MACD indicator, which implies a weakness in the price momentum of the ASTR cryptocurrency.
Astar Cryptocurrency Weekly Statistics
Astar Crypto’s weekly chart shows bulls dominating. The cryptocurrency is in an uptrend as it rises beyond the main EMAs.
Technical indicators also support the bullish sentiment as RSI is close to the overbought zone of 77 and MACD has formed a bullish structure with the green bars. These signals indicate that the cryptocurrency could face even more upward pressure in the coming weeks.
Summary
Technical oscillator Astar (USD: ASTR) supports the bullish trend. MACD, RSI, and EMA highlight positive signals and suggest that the upward trend in ASTR Crypto price may continue. Price movement signifies that investors and traders are optimistic about the daily time frame. Price movements mirror the present favorable perspective. However, investors and traders must stay to be appropriately ready for the next step and avoid FOMO.
Technical Levels
Support Levels: The Astar Crypto price may find support at $0.1457 and $0.1178, where it could bounce back or stabilize.
Resistance levels: The ASTR Crypto price may face resistance at $0.1927 and $0.2000, where it could reverse or consolidate.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Amanda Shinoy
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
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