ASTR price prediction suggests that Astar crypto will continue to recover and may hit a new swing high in 2024. Astar price is taking support near the 50-day EMA and buyers are trying to rebound.
The chart pattern looks mildly bullish and buyers seem more active as compared to sellers.
At the beginning of November, the ASTR price broke out of the $0.6000 barrier with a high buying volume. It triggered the rally and the price began to rise by forming higher high candles. It rallied 45% approx. in just seven trading sessions and hit a swing high of $0.0874.
Later, ASTR crypto witnessed minor profit booking, and the price retraced back to the EMA. Luckily, buyers are active near the 50-day EMA which is now acting as a strong support for the bulls.
At present, Astar price is sustaining above the 50-day and 200-day EMA indicating an uptrend. So, it will be difficult for the sellers to drag the price down.
Currently, ASTR price is trading at $0.0655 with a one-day decrease of 2.96%. The 24-hour volume to market cap is 3.22%.
Will ASTR Price Perform in December or Consolidate?
ASTR price prediction stays bullish for December till it sustains above the $0.0500 level. The recent recovery is supported by high buying volume so it seems genuine investors have taken a long position.
Therefore, buyers will be present near the $0.0500 level and try their best to defend the demand zone.
The question is whether the Astar crypto price will surpass the November high in December or not. By analyzing the price behavior, it seems ASTR price will consolidate in December and the next move will come in 2024.
This crypto is good for long-term investment but investors have to be patient to generate returns.
Astar Price Respected the Yearly Low Support
Astar price respected the yearly low support and showed a surprising recovery. The overall crypto market has also performed well in the last few months. So, it indirectly benefited the ASTR and other altcoins.
The RSI at 54 is cooling off from the overbought territory and the MACD curve near zero line is sloping sideways. Both indicators show that the Astar price might spend time in consolidation before deciding the next direction.
Conclusion
ASTR price prediction stays bullish for the next month till it holds a $0.0500 support level. The buyers are active near the EMAs so minor corrections will have a high possibility of bouncing back.
The analysis suggests that Astar price might consolidate in December in the range between $0.0500 to $0.0874. So, investors must build positions accordingly.
Technical Levels
- Resistance levels: $0.0750 and $0.0874
- Support levels: $0.0500 and $0.0381
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2023/11/27/astr-price-prediction-will-astar-price-surpass-november-high/