The Astar (ASTR) token has recently broken out of a descending trendline resistance, signaling a potential bullish trend reversal. Currently trading at $0.033, this breakout is accompanied by a bullish Change of Character (CH) visible on the 12-hour chart. If the demand zone holds, the price may move toward the following targets:
šÆ Target 1: $0.036
šÆ Target 2: $0.039
šÆ Target 3: $0.042
šÆ Target 4: $0.045
šÆ Target 5: $0.048
To manage risk, consider setting a stop-loss at $0.030. A daily candle closing below this level would invalidate this analysis.
š Technical Indicators:
RSI: Currently at 84.08, indicating overbought conditions.
MACD: Shows minimal bullish momentum with a histogram value of 0.0003.
Volume: Reduced trading activity during consolidation phases.
**Support Zones:**
Immediate Support: $0.0400
Critical Support: $0.0300 (recent low)
**Resistance Zones:**
Immediate Resistance: $0.0500
Major Resistance: $0.0600 (previous support turned resistance)
200 MA acting as dynamic resistance
About Astar (ASTR): Astar is a decentralized blockchain platform that allows developers to create and deploy scalable and interoperable smart contracts. It supports multiple programming environments, including Ethereum Virtual Machine (EVM) and WebAssembly (WASM), making it a versatile choice for developers.
**Market Data:**
Current Price: $0.033
24h Trading Volume: $64,372,153
Market Cap: $256,696,878
Circulating Supply: 7,655,733,169 ASTR
š Note: Always conduct your own research and consider your risk tolerance before entering any trade.
