According to my analysis on
$ASR , here’s a breakdown of the current technical price prediction:
Current Price: $1.577
24H Change: +30.87%
Bearish Indicators:
1. Rejection at the Top ($1.955):
Price peaked at $1.955 and is now in a pullback phase.
2. Falling Price with High Volatility:
Big red candles indicate profit-taking and potential weakness in momentum.
3. MA(7) Crossover:
Price just crossed below the MA(7) = 1.726, showing early signs of short-term trend reversal.
4. RSI(7) = 40.39:
Approaching oversold territory but not yet a strong buy signal. Room for more downside.
Support and Resistance:
Immediate Resistance: Around $1.63–$1.65 (where price recently got rejected).
Support Zone:
MA(25) = $1.553 — holding now.
$1.45 – $1.48 zone could be the next test area if breakdown continues.
Below that, support near $1.30 – $1.35.
Volume Observation:
Volume is dropping slightly after the initial pump, indicating less aggressive buying now.
Short-term Prediction (1H – 6H):
Base Case: Likely to consolidate or slightly dip toward $1.50 – $1.55, especially if selling pressure continues.
Bearish Case: If it breaks below $1.55, next support is near $1.48 – $1.50.
Bullish Case: Needs to reclaim and hold above $1.63 for any meaningful recovery toward $1.80
$ASR $BTC #ASR_Bullish #ASRAlert #btc70k