ASTR Weekly Chart Analysis
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ASTR has been in a bearish trend since February 2024 and has dropped close to 72%. Currently, the price is indicating a rebound from the primary support level of $0.0605. If successful, this rebound will likely test the 21 EMA resistance or the primary resistance line at $0.1023.
According to this weekly chart, ASTR is yet to test the lower support trendline, which ranges between $0.0355 and $0.0415.
In 8 days, ASTR will unlock 26.48M tokens (0.32% of the total supply). If this unlock has a negative impact, a further downtrend can be expected.
- Primary Support: $0.0605
- Lower Support: $0.0355 to $0.0415
- Primary Resistance: 21EMA/$0.1023
DYOR
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ASTR has been in a bearish trend since February 2024 and has dropped close to 72%. Currently, the price is indicating a rebound from the primary support level of $0.0605. If successful, this rebound will likely test the 21 EMA resistance or the primary resistance line at $0.1023.
According to this weekly chart, ASTR is yet to test the lower support trendline, which ranges between $0.0355 and $0.0415.
In 8 days, ASTR will unlock 26.48M tokens (0.32% of the total supply). If this unlock has a negative impact, a further downtrend can be expected.
- Primary Support: $0.0605
- Lower Support: $0.0355 to $0.0415
- Primary Resistance: 21EMA/$0.1023
DYOR
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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