Will ASTR  Reach $1 Mark in 2024?

Astar Crypto (USD: ASTR) is showing strength and heading towards the upper levels. This positive trend suggests that an upward move for ASTR Crypto toward the expected target of $0.1500 is possible. Therefore, bulls are likely to maintain long positions. Astar Crypto is trading above major moving averages, indicating a bullish mood.

Additionally, chart structure based on recent trading sessions shows a bias in favor of bulls. The cryptocurrency has gained momentum and is poised for an uptrend that could reach $0.1500. The increased activity and momentum also support the optimistic outlook of market buyers. 

At the time of publication, AstarCrypto was trading at $0.1280 with an intraday gain of 8.02%, showing bullish sentiment and a positive outlook on the charts. Additionally, the intraday trading volume was 119.535 and the market capitalization was $699.193 Billion. 

However, as buying volume increases, the price could reach higher and new highs to maintain bullish momentum. Therefore, Astar’s price is expected to increase and remain strong on the daily chart.

Technical Analysis of Astar  Crypto Price in 1-D Time Frame

Currently, Astar Crypto (USD: ASTR) is trading above the 50-day and 200-day simple moving averages (SMAs), which support the price momentum. The current RSI value is 00 points. The 14 SMA is above the midline at 65.88 points, indicating a bullish trend for Astar crypto. The MACD line at 0.0118 and the signal line at 0.0085 are above the zero line. 

There is a bearish crossover on the MACD indicator, which indicates a weakness in the price momentum of the ASTR cryptocurrency. Stochastic RSI is consolidating near overbought levels. The %D and %K lines are crossing each other in a negative direction, although they have not yet crossed the 80 RSI area. 

The current stochastic RSI value is 89.09 points. Astar Cryptocurrency Weekly Statistics Astar Crypto’s weekly chart shows buyers dominating. The cryptocurrency is in an uptrend as it is rising above the main EMA.

Technical indicators also support the bearish sentiment as RSI is close to the oversold zone and MACD has formed a bearish crossover with the red band. These signals indicate that the cryptocurrency could face even greater upward moves in the coming weeks.

Summary

Technical oscillator for Astar (USD: ASTR) support the bullish trend. MACD, RSI, and EMAs highlight positive signals and suggest that the upward trend in ASTR Crypto price may continue. Price action suggests that investors and traders are optimistic daily. Price movements reflect the current optimistic outlook.

Technical Levels

Support Levels: $0.1000

Resistance Levels: $0.1500

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.