A Sign of Bullish Trend for ASTR

The Astar price is moving back and forth for the last couple of weeks and delivering a neutral outlook in the short term. The crypto is on the higher levels, forming alternative red and green candles.  

On the lower side, the crypto has taken support from the 50-Day EMA multiple times, indicating the presence of bulls at the dynamic support level at the 50-Day EMA.

On the upper side, $0.190 has been acting as a supply zone, making it difficult for the buyers to surpass. Furthermore, the $0.171 has been acting as a demand zone and turned out to be a tough level for the sellers to break lower. 

At the time of writing, the ASTR crypto was at $0.179 with a swift intraday loss of 1.27%. It has a market capitalization of $994.1 Million and ranks 66th among all cryptos. The volume to market cap ratio is 1.75%, suggesting very low volatility. 

Astar Crypto Trend Analysis

The long-term trend analysis showcases a positive trend prevailed in the recent months. The crypto almost doubled in the past three months giving significant returns to the traders and investors. The crypto surged from a low of $0.055 in November and reached $0.182 in the last week of January. 

Looking closely over the daily chart, a symmetrical triangle pattern is observed to be forming. The breakout or breakdown of the symmetrical triangle pattern may decide the next directional moves.

On the lower side, the 20-Day and 50-Day EMA has been acting as a dynamic support for the price. The breakdown below the 20-Day EMA may initiate a downturn in the short term and drag the price near the 50-Day and 200-Day EMA.

At the time of writing, the RSI was at 55.18 points and the 14-day SMA line was at 58.33. The RSI line has made a bearish crossover of the SMA line suggesting a slight bearish outlook in the short term. 

Astar Price Prediction for February 2024

The positive view of analysts predicts an upside potential of over 15.4% by February end, which could take the Astar price above the $0.205 mark. On the other hand, the bearish view of analysts predicts that the price could drop near the $0.156 level.

Astar Price Prediction for 2024

The price prediction for 2024 shows that the Astar may advance to a high of $0.290 by the end of 2024. The less optimistic analysts estimate a price target of $0.233 by the end of the year.

Astar Price Prediction for 2025

As per the most positive view of our analysts, the price may hit the $0.413 mark, suggesting an upside potential of 131.4% by 2025. The pessimistic view is that the price could reach $0.298 by the end of the financial year 2025.

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. 

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.