ASTR BTC Astar Technical Analysis

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By Frans van Elst

Astar logo In this Astar technical analysis, we will examine the current price action, trading volume, key levels and indicators for ASTR-BTC. Astar (ASTR) is a decentralized platform that utilizes blockchain technology to provide a secure and transparent ecosystem for the development of decentralized applications (dApps). With its innovative proof-of-concept (PoC) consensus algorithm, Astar aims to offer faster and more energy-efficient transactions compared to traditional proof-of-work (PoW) algorithms. Additionally, Astar’s modular architecture allows for the integration of various sidechains, enabling interoperability between different blockchain networks.

Astar Price Overview:

As of May 11, 2024, Astar is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ASTR-BTC:

Consider bearish sentiment for Astar (ASTRBTC) at 1.48e-06 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 290,724.70
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): Astar reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for ASTR-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, Astar is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -0.67%
3D Change (%) -2.63%
7D Change (%) -3.90%
30D Change (%) -20.86%
90D Change (%) -61.46%
YTD Change (%) -53.89%

Over the past three days, ASTRBTC has dropped by approximately -2.63%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ASTRBTC maintaining a downward trend of approximately -20.86%, despite intermittent fluctuations. Examining the last 90 days, ASTRBTC has witnessed substantial fall of approximately -61.46%, reflecting strong long-term confidence. Year-to-date, ASTRBTC has steadily declined by around -53.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Astar Live Chart:

You can access a live price chart for ASTR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.35557.
  • Momentum score is -0.13953.

ASTR BTC Technical Analysis

Astar Trading Volume:

The trading volume for Astar (ASTR) over the past 24 hours has been insignificant, with approximately 290,724.70 BTC traded against ASTR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ASTR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Astar is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ASTR-BTC is currently in the low zone, around 34.91805. This suggests that Astar is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Astar (ASTR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Astar (ASTRBTC) at 1.48e-06 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Don’t overlook our detailed insights on ASTR USDT Astar Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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