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Is ASTR Token on the Verge of Crashing and Reaching New Lows?

Astar crypto prolonged its transfer southwards on Monday, slumping close to the weekly lows. The crypto began the week in purple and was hovering close to $0.158 reporting a detrimental growth of two.6% on the time of writing.

Furthermore, the day by day chart reveals that the crypto has been in a free fall within the final couple of weeks and has closed within the purple for a lot of the periods. The current fall has dragged the Price beneath the 20 and 50-Day EMAs indicating the initiation of a short-term correction section.

On the decrease aspect, the $0.15 stage might act because the current help zone and attempt to halt the additional downward momentum within the Price. Contemporary draw back motion pictures could also be noticed if the crypto breaks beneath the $0.15 stage. It could drag the Price to the decrease help ranges of $0.13 and $0.11 stage.

Now, for the Buyers to regain management over the pattern, the Price must consolidate on the decrease ranges and surpass the 50-Day EMA on the upper aspect. Earlier, the crypto reversed its course close to the $0.05 stage and turned Bullish in October 2023. The Price then surged increased taking help from the 20 and 50-Day EMAs, thus gaining almost 300% by January 2024.

Since then, the crypto has been giving confirmed indicators of weak spot because the Price plunged from a key provide stage of round $0.20000 on the chart. Now it looks like the ASTR/USD crypto is near an enormous drop, because it reaches the resistance stage and goals to fall to new depths from the present provide zone.

Will ASTR Crypto Plunge Quickly?

Moreover, the Astar crypto asset is exhibiting robust bearish indicators as MACD reveals a bearish cross with a powerful histogram. The MACD line is at -0.0030020, the sign line is at -0.0012711, and the histogram is at -0.001732.

The RSI is beneath the 50 stage at 43 and has taken robust rejection from the 14 SMA, indicating that the ASTR/USD asset continues to be in a bearish zone and will go decrease till it reaches the acute oversold territory.

Astar Crypto: Is ASTR Token About To Crash & Reach Lower Levels?
Supply: ASTR/USD: CRYPTO.1.D. By TradingView

As well as, the asset is displaying bearish traits and will fall additional within the coming periods. It has proven unhealthy efficiency up to now week, and month by 5.55%, and 12.91% respectively, indicating a constant downward pattern.

On the time of publishing, the ASTAR Token is Trading at $0.16289 with an intraday decline of 1.78%, with a mean Trading quantity on all Trading exchanges for the previous 24 hours is 35.69 Million. Its Market capitalization is 906.17 Million.

Subsequently, if the ASTR/USD fails to carry on the the $0.15000 stage, it might fall abruptly or might present a short-term correction within the course of as effectively.

However, one other chance could be, that if Astor in some way succeeds in managing to carry on to the present stage it might blast off to new ranges by surpassing the availability area and will strategy towards the brand new objective at $0.250000.

Abstract

The Price motion reveals that the Price was in an uptrend earlier and within the final couple of periods, ASTR/USD violated the uptrend. It might provoke a short-term correction within the upcoming periods. The technical indicators are exhibiting the identical on the chart amid robust bearish indicators.

Technical Ranges

Help Ranges: $0.15000

Resistance Ranges: $0.25000


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