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- 1 Astar crypto is languishing continuously for the last couple of sessions.
- 2 The ASTR crypto price currently trades at $0.171, posting an Intraday loss of 2.52%.
The Astar crypto price lost nearly 2.52% of its value on Friday as the losing streak continued for the fourth consecutive session. The crypto faced selling pressure from the recent swing hgh after a consolidation of nearly three weeks near the highs.
At the time of writing, the ASTR crypto was at $0.171, recording a negative intraday development of 2.52%. It has a total market capitalization of 967.92 Million and ranks 74th in the overall crypto market. The volume to market cap ratio is 2.57% suggesting low volatility.
Moreover, the daily chart demonstrates that the crypto has made a breakdown of the 20-Day EMA and is headed towards the 50-Day EMA. Currently, the crypto rests above the recent support of $0.17 level and the lower boundary of the consolidation.
The ASTR price may drop sharply if it breaks below the recent demand zone. This is because the area contains the stoplosses of the short term investor and traders who have open positions on the long side.
Fresh downside moves may be observed if the crypto breaks below the recent support. The breakdown may trigger a long unwinding and the crypto may drop sharply. Now, if the current demand zone is broken then it may unlock more moves on the downside.
Astar Crypto Price Technical Analysis
Moreover, the broader term outlook for ASTR crypto lies on the positive side as the crypto hovers above the 50 and 200-Day EMAs. As observed on the chart, the crypto has been in a bullish trend for the last few months.
The ASTR crypto reversed its course from bearish to bullish in October and showcased a strong bullish rally. The price lifted off from a low of $0.04 to a recent high value of $0.19. The crypto has delivered a return of over 350%.
Currently, Astar crypto price hovers near the recent support of $0.17 showcasing weakness over the charts in the short term. The crypt may experience fresh downside moves after the closest support is broken.
Astar Price Prediction February 2024
As per the most optimistic view of our analysts, the ASTR price could reach a high of $0.191 by February end. The less optimistic view of the analysts hopes for a breakdown below the recent support of $0.171, after which the price may drop to a low of $0.160 and 0.155.
Astar Price Prediction 2024
The analysts have a wide range of price targets for 2024. The most optimistic view of analysts assumes the ASTR crypto could attain a high of $0.279, suggesting a potential gain of over 62.71%. The lower price target for the crypto as per the analysts is $0.225.
Astar Price Prediction 2025
On the most bullish observation, Astar crypto could hit the high mark of $0.391 in 2025. On the flip side, the most pessimistic prediction of our analysts is the $0.288 mark.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
