In this Astar technical analysis, we will examine the current price action, trading volume, key levels and indicators for ASTR-USDT. Sure, here are three sentences about Astar (ASTR) cryptocurrency: Astar (ASTR) is a decentralized platform that enables the creation of interoperable blockchain applications and protocols. With its novel consensus algorithm and modular architecture, Astar aims to provide a scalable and secure foundation for the next generation of decentralized applications. By leveraging Astar’s technology, developers can build and deploy blockchain-based solutions with ease, unlocking new use cases and possibilities in the cryptocurrency space.
Astar Price Overview:
As of October 03, 2023, Astar is trading at approximately 0.0476 USDT. Let’s dive into the detailed price action for ASTR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0485 |
| High (H) | 0.0487 |
| Low (L) | 0.0466 |
| Close (C) | 0.0476 |
| Volume (C) | 40,994,649.70 |
- Open (O): The opening price for today’s trading session was approximately 0.0485 USDT.
- High (H): Astar reached a daily high of around 0.0487 USDT.
- Low (L): The daily low for ASTR-USDT was approximately 0.0466 USDT.
- Close (C): At the time of analysis, Astar is trading near its daily close of 0.0476 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.86% |
| 3D Change (%) | -3.05% |
| 7D Change (%) | -2.26% |
| 30D Change (%) | -13.92% |
| 90D Change (%) | 7.45% |
| YTD Change (%) | 23.64% |
Over the past three days, ASTRUSDT has fallen by approximately -3.05%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.26%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ASTRUSDT maintaining a downward trend of approximately -13.92%, despite intermittent fluctuations. Examining the last 90 days, ASTRUSDT has witnessed substantial increase of approximately 7.45%, reflecting strong long-term confidence. Year-to-date, ASTRUSDT has steadily increased by around 23.64%, 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-USDT 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 0.59565.
- Momentum score is -0.13924.
ASTR USDT Technical Analysis
Astar Trading Volume:
The trading volume for Astar (ASTR) over the past 24 hours has been insignificant, with approximately 40,994,649.70 USDT 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-USDT is currently in the low zone, around 44.5858. This suggests that Astar is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Astar (ASTR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
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.
