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ASTAR

TradeCityPro | ASTR: Key Support Levels and Market Momentum👋 Welcome to TradeCity Pro! In this analysis, I want to review ASTR, one of the coins in the Ethereum ecosystem, currently ranked 159th on CoinMarketCap with a market cap of $297 million. 📅 Daily Timeframe On the daily timeframe, as you can see, the price is in a long-term downtrend. The first bearish leg started from the $0.1907 high and moved down to the $0.0505 level. After this move, the price formed a consolidation box between $0.0505 and $0.0813. Once $0.0505 was broken, the price dropped further to the key support at $0.0369. ⚡️ As highlighted on the chart, there is a critical demand zone near the $0.0369 level. If the price breaks below this zone, it could register a new all-time low (ATL), which could put serious pressure on the project’s outlook. 📊 As observed, market volume within the consolidation box was decreasing. However, after the breakout, volume increased. Now that the price is ranging again, volume is dropping once more. If RSI enters the oversold zone and breaks below the 30 level, the likelihood of breaking $0.0369 significantly increases, which could trigger a strong downward momentum, leading the price toward new lower targets. 📈 On the bullish side, if the $0.0369 support holds and pushes the price upward, the first long trigger we can consider is $0.0505. We can also confirm bullish momentum from RSI if it breaks above 54.14. ⏳ 4-Hour Timeframe Now, let’s examine the 4-hour timeframe for a more detailed view of price action. As you can see, the price has formed a ranging box between $0.0369 and $0.0499. 🧲 At one point, the price attempted to break above this range, even forming a higher high and higher low, but failed. After a fake breakout, a double top pattern was confirmed, and when the neckline broke, the price moved downward, reaching the $0.0369 zone once again. ✅ This $0.0369 level remains crucial, as it could keep the price in the current range or push it upward once again. 🧩 However, as seen on the chart, green candles have significantly lower volume than red candles, indicating that bears still dominate the market. The possibility of breaking below this support remains high. 📉 For short positions, the break of $0.0369 would be a strong confirmation. However, keep in mind that below this level lies a strong demand zone, meaning that a reversal could happen at any time. It’s crucial to manage risk carefully when entering shorts. 🔼 For long positions, assuming the previous bullish move was a fake breakout, a break above $0.0419 would be a reasonable entry. However, a more secure long trigger would be at $0.0456. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2
Astar Network $ASTR will 40x - 130x this bull run!KRAKEN:ASTRUSD may be one of the most undervalued, under-the-radar cryptocurrencies at the moment. Astar is the token of the Astar Network. Recently, it was announced that Astar zkEVM will transition to become #Soneium, the revolutionary #Ethereum CRYPTOCAP:ETH L2 launched by #Sony. The founders of the Astar Network and Soneium have announced and confirmed that the Astar Network is a special partner of Soneium and that there will be massive incentives and rewards for Astar token holders. Sony is the first giant tech and entertainment company to enter the crypto industry. Sony will launch a #crypto exchange in #Japan. Sony has a vast entertainment network - Sony Music, Sony Gaming, Sony Film will all be integrated within the Soneium network, so the Astar Network (& Token) will, als the de-facto coin of Sony, have massive utility, unmatched by any other cryptocurrency currently in existence. This insanely bullish news will finally lead to crypto Going Mainstream #GM - and here's your chance to be "in" before the masses arrive - and they will arrive. This is the bullish narrative and news for #Astar. However, the Astar chart also shows promising bullish signals. 1. There is a massive hidden bullish divergence on the weekly chart, indicating underlying strength. 2. There has been an EXPLOSIVE increase in volume near the lows. The insane increase in volume began prior to the Soneium announcement, which count hint at insiders accumulating. 3. On Balance Volume is also increasing EXPLOSIVELY, which indicates that the massive increase in volume was primarily due to BUY PRESSURE (buy volume), not sell pressure! Now, how high can Astar Network go? Currently, the coin is ranked #140 in terms of marketcap. Its market cap is $0.45b while its fully dilluted marketcap is $0.5b. This means there won't be many unlocks, and, in fact, the Astar Foundation has been burning tens of millions of tokens. The tokenomics are insanely bullish. Furthermore, the coin has very high volume, which means its a liquid coin. SCENARIOS: 1. Astar bull cycle market cap = Polkadot's current marketcap --> 14x 2. Astar bull cycle market cap = 2x Polkadot's current marketcap --> 28x 3. Astar bull cycle market cap = Polkadot's 2021 marketcap peak --> 130x 4. Astar bull cycle market cap = half of Polkadot's 2021 marketcap peak --> 65x --- Astar bull cycle market cap = the average of the above 4 scenarios --> 60x 5. Astar bull cycle market cap = Filecoin's 2021 marketcap peak --> 28x 6. Astar bul cycle market cap = Cosmos' 2021 marketcap peak --> 28x --- Astar bull cycle market cap = the average of the above 6 scenarios --> 49x --- Astar bull cycle market cap = the average of the two averages --> 55x 7. Astar bull cycle market cap = 20% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.20 = 16 billion / 7.5 billion = 2.13 / 0.062 = 34x 8. Astar bull cycle market cap = 50% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.50 = 40 billion / 7.5 billion = 5.33 / 0.062 = 86x --- Astar bull cycle market cap = average of the last mentioned two scenarios = 60x --- Astar bull cycle market cap = average of all the outcomes above (scenarios + averages of scenarios) = 637 / 12 = 53x Based on these scenarios, a 53x could theoretically happen for the Astar token. The token checks all marks: extremely bullish reversal chart, incredibly bullish news + narrative, new token, good tokenomics, and potential future catalysts to fuel it rising even higher (like a listing on Coinbase, for example). In my opinion, Astar could 53x from here. The Astar Network chart looks like it is poised for a breakout. A break above the $0.1 level could trigger a parabolic move. Finally, lets not forget that Astar Network token has been in a correction since January 2024, while most other coins have only been correcting since April. In other words: Astar's bear market is more advanced and could therefore, theoretically, reverse sooner than other coins. Do with this information as you wish!
Long
by couldntcomeupwithone
3
ASTAR : THE Token of Sony's Soneium Blockchain!Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network. Sony also announced that the ASTAR ALOR:ASTR token will be a key asset on its Soneium #Blockchain. Previously, #Sony has announced that it will launch a #crypto exchange in Japan. ALOR:ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically. Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity. The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet. Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased. With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
KRAKEN:ASTRUSDLong
by couldntcomeupwithone
Is #ASTRUSDT Poised for a Major Move or Downturn? Find Out NowYello, Paradisers! Is #ASTRUSDT gearing up for a major move, or are we on the brink of a downturn? Let’s dive into the details to keep you ahead of the game. 💎#ASTAR has been navigating a falling wedge pattern and moving downward. Currently, #Astar is retesting the lower support of the channel. We've also observed an accumulation phase on the 1D timeframe, reinforcing a bullish bias. 💎A bullish breakout will be promising, but a successful retest will confirm this breakout. Patience is key—wait for confirmation. 💎If #ASTR continues to fall, it’s likely to retest its support at $0.0655. This level is crucial, as a failure to hold here could signify a potential decline. 💎Should the macro market sentiment turn bearish with significant selling pressure, #ASTR might revisit its liquidity-packed area and strong medium-term support at $0.0536. This zone is critical as it has historically provided substantial support. 💎However, if this critical support zone fails to hold, MOEX:ASTR could turn bearish and continue its downward trajectory. The overall market sentiment and Bitcoin's movement will significantly influence #Astar's price action, so keep a close eye on these factors. You need to be extremely patient and always wait for only the high-probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
ASTR/USDT possible next move ? 👀 🚀ASTR Today Analysis💎 Paradisers, turn your attention to #ASTRUSDT as it’s gearing up for a pivotal moment. Currently poised near a support zone, it is hinting at its next potential market direction. 💎 A recent look at its market activity reveals a rejection from a strong resistance zone, followed by a significant downward trajectory. Now, MOEX:ASTR is at a juncture where it could unveil its next move. 💎 If #ASTAR holds steady at the support level of $0.0787, we might witness a bullish continuation from this point. Alternatively, should it dip below this level, the focus shifts to the next support at $0.0766, from where a bullish resurgence is possible. 💎 However, it gets more intriguing. If #ASTR breaks through the $0.0766 support zone, the market sentiment could sway towards the sellers, potentially leading to further downward movement. 🌴💰
by MyCryptoParadise
1
ASTR/USDT Switch to Upward Momentum ??? Astar Analysis Today💎 ASTR has certainly captured our interest. Currently, ASTR is navigating within a descending channel formation, recently experiencing a notable upward surge following a bounce off the channel's support trendline. There's potential for ASTR to climb further to challenge the resistance trendline, as indicated by the robust green candle. 💎 However, merely reaching this point isn't enough; ASTR needs to decisively break out of the descending pattern to validate a bullish momentum and sustain its ascent. Success in this endeavor could see ASTR targeting the supply zone and even the significant supply area beyond. 💎 Conversely, if ASTR faces rejection at the resistance level, it may retreat for a retesting phase near the upcoming demand zone, aiming to gather strength for another breakout attempt. The scenario turns bleak if, during retesting, ASTR fails to demonstrate a strong rebound or faces rejection at the demand zone, leading to a breach below. Under these circumstances, ASTR might extend its downward trajectory, seeking the next level of support.
by MyCryptoParadise_Nathan
1
ASTARUSDT 4HFollows the bullish channel formed at 1H , the Ichimoku cloud below the asset , indicating that buyers are in charge, it will pull back now, but soon return to the upper edge. Beware of the MM200 that is well below and serves as a magnet, any extra stimulus, such as Jerome Powell's speech that the market expects him to reiterate a firm stance by the FED regarding raising interest rates. This may or may not scare a market that remains overly optimistic about economic prospects in 2023, bringing greater volatility. Here are the supports and resistances in the 4H: Main support levels : 0.05750 / 0.05125 / Main Resistance Levels : 0.6670 / 0.06925 MM200: 0.04905 Astar EVMwhich is a scalable decentralized blockchain for web 3 innovations and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). The level of automation in the blockchain industry being introduced in the Astar Ecosystem is incredible! I'm an ASTAR enthusiast!
by ferulianov
Analysis: ASTR at a decision point, keep an eye ASTR is currently in an uptrend. It may continue the rally up; however, the trend is at a decision point. Where will ASTR head? Let's look at the 4H chart and see what we have. The currently bullish factors: 1. Falling wedge formation, which is usually bullish 2. Tested Lower channel support 3. Price above EMA100 4. Possible early RSI breakout The currently bearish factors: 1. Consolidation from April 11-15 breakdown(box in the chart) 2. 0.382 Fib old support turned into resistance 3. RSI Divergence from the last 2 peaks So we have the bullish and bearish factors. The things that make ASTR on a decision point are: 1. Very tight consolidation between the 0.382 Fib and Lower channel 2. Wedge formation nearly completed 3. Decreasing volume over time Forecast If it successfully breaks out over the 0.382 Fib and the falling wedge, ASTR may reach 0.28, the first resistance, and may continue rallying into the upper channel. If it breaks the falling wedge and lower channel to the downside, the first support may be the EMA100 and the next supports are the 0.5 Fib and the previous low. Price and time will tell where this goes. Here are things to watch out for: 1. Breakout of the lower channel to the downside 2. Breakout of 0.386 Fib Thanks for reading this post, stay tuned for the next analysis! Also, if you are going to trade this analysis I suggest you DYOR first.
by Trader_ph
🆓Astar (ASTR) Apr-18 #ASTR $ASTR ASTR is approaching the $0.2 zone, if it doesn't lose this support zone, ASTR can recover to $0.24, $0.28 and $0.32 in the near term. However, if it loses the $0.2 zone, it will continue to fall sharply to the $0.17 and $0.15 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.2$ zone 🔴Buy : 0.2 🔴Sell : 0.24 - 0.28 - 0.32 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.2$ zone 🔵Sell : 0.2 🔵Buy : 0.17 - 0.15 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2
ASTRUSD Potential on this gemThe Astar token (ASTRUSD) has caught my attention recently. The late March parabolic rise made an April 01 High, which stopped inside the Resistance Cluster of its first trading candles. Since then it has been trading within a Triangle pattern, which just today hit the 4H MA50 (blue trend-line). That is the first, short-term Support. Even if it holds, I prefer to buy after the Resistance Cluster breaks, more specifically above the 0.618 Fibonacci retracement level of 0.3100. If the 4H MA50 fails, it would be best to wait for contact with either the 4H MA200 (orange trend-line) or better yet the Higher Lows trend-line since the January 26 market bottom. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
4
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network. Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online. This is a defining moment in Polkadot's 5 year history. This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages. I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token. More on this announcement : polkadot.network
KRAKEN:DOTUSDLong
by bglaser
1