- Astar coin (ASTR) is currently trading at $0.04582349 with a minor decline of -3.71% in the 24 hours.
- The Astar coin increased by 6.87% in the last 7 days.
- The (ASTR) market capitalization is $208518403.
ASTR price is going through yearly lows. In 2023, bulls took this coin up to 200% in a month from the low of $0.2279.The price is just overvalued and goes down to the $0.300 support level. Here, investors lost more than 58% because of a sudden downfall.
By analyzing the price data of the ASTR coin, it is observed that it is in a downtrend. The price inclined by 6.87% in the last seven days and we can say that the Astar coin is performing well. It tanked -88.90% from its peak price of $0.421574 in the span for 12 months. The current market sentiments are not so good about the ASTR. No huge volume is present for the Astar coin. As of now, there is no buyer interested in buying the Astar coin. Bears are dominating the market currently.
Astar Coin (ASTR) Technical Analysis
The price of the Astar coin (ASTR) has slipped below 50 and 200 EMA, which suggests that the price is in a bearish trend. If the sellers continue to push the price down, the coin’s value may fall even further in the upcoming week. The bears are not in the mood to give power to bulls right now. A death cross has been seen in the chart.
The MACD indicators are also in the negative zone. The MACD line at -0.00012956 and signal line at -0.00093871 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 54.47 points. The 14 SMA line is currently close to the median line, around 48.17 points which shows neutral sentiment in the market. As the price is heading toward overbought territory, the market is experiencing bearish sentiment currently.
Trendline Analysis:
The price has respected its significant trendline forming a downward channel-type pattern which suggests the price will go directly in the downward direction.
Volume Analysis:
Astar coin (ASTR)’s average trading volume for the last 24 hours is $4435620 showing a 5.20% decrease in volume in one day. The lack of buying interest in the coin is the major reason behind the lower volume.
Technical Levels:
- Support – The current support level of (ASTR) is $0.034.
- Resistance –The current resistance level of (ASTR) is $0.0499.
Summary
Astar coin (ASTR) is struggling in the market. Based on the price action, it appears that a price break of its primary trendline support level may lead to further price drops in the coming day. ASTR price shows a pessimistic situation at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about the Astar coin. Due to the adverse performance of the ASTR coin, investors are afraid to invest in it. Astar coin is not showing any recovery signs right now.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.
