$ASR is currently experiencing a slight decline of -1.319% over the past 24 hours, with the price hovering near its support level of 1.655, signaling potential bearish momentum as it heads toward the lower Bollinger Band at 1.674. The overall market downtrend suggests caution; without significant bullish events or macroeconomic shifts, a short-term trading strategy may be prudent, particularly given the lack of correlation with Bitcoin's movements. Traders should monitor for any prominent regulatory news or inflation data that could further impact market sentiment. Notably, ASR might bounce back if it maintains above the support, making it crucial for traders to refine their entry and exit points.
