Astar crypto price is below the recent swing high and delivers a slightly positive outlook over the 4-hour chart. The price has been rising for the past four sessions and has been able to close in green.
The ASTR price is moving with long-term momentum and inched higher in the morning session. As observed on the 4-hour chart, the price rebounded from the 20-Day EMA and is headed for the higher supply zone of $0.177.
However, the price lacks momentum and formed weak candles over the daily chart. The price is headed upwards, slowly and steadily, in the short term.
At the time of writing, the ASTR crypto price was hovering near $0.172 with a positive post a 2.80% rise. The crypto has a total market cap of $953.67 Million and ranks 67th in the overall crypto market. It has a 24-hour volume of 65.48 Million with a drop of 7.36% as compared to the previous day.
Astar Crypto Price Trend Analysis
Long term, the Astar price formed a bullish trajectory above all the key EMAs, suggesting a positive outlook. The bulls dominated the past three months which has helped the price gain significantly.
Over the past three months, the ASTR price has traversed form a low of $0.05 in early November to a high of $0.201 in the 1st week of January 2024. The price experienced a total gain of over 230% in the said period.
Currently, the price is hovering near the recent high after experiencing a short term pull-back. The price dropped after hitting the psychological level of $0.20 and fell in the 1st week of January.
However, the buyers grabbed this opportunity as a discounted price and made aggressive long positions due to which the price reversed back upwards and again reached near the previous high.
Now, if the price breaks high, it may resume to conquer higher levels. On the other side, if the price suffers rejection and drops lower, it may undergo a short correction and turn directionless.
Astar Price Prediction January 2024
As per the most optimistic view of our analysts, the ASTR price could reach a high of $0.192 by the end of the month. The bearish view of analysts is that the price may drop to a low of $0.150.
Astar Price Prediction 2024
The price prediction for 2024 shows that Astar crypto may advance to a high of $0.283 by the end of 2024. The less optimistic analysts estimate a price target of $0.219 2024 end.
Astar Price Prediction 2025
On the most bullish observation, Astar crypto could reach a high of $0.396 in 2025. On the flip side, the most pessimistic prediction of our analysts is for the price to reach $0.301.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2024/01/20/astar-price-holds-steady-below-the-recent-high-what-to-expect/