Astar's Astronomical Ascent: ASTR Price Prediction Hints at a 10% Boost

Astar’s Astronomical Ascent: ASTR Price Prediction Hints at a 10% Boost

Updated: 07 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Astar Network, also known as Astar (ASTR), recently saw a strong performance that placed it on many people’s radar in the crypto industry. Over the last several days, the token saw some volatility after trading sideways for quite some time.

Between August 31 and September 2, the token fluctuated between a support at $0.055 and a resistance at $0.57. It had one more substantial surge on September 1, which took it to $0.058, but other than that, the price has been staying between the mentioned limits.

Between September 2 and 4, the fluctuations decreased, leaving the token between $0.051 and $0.057 for the most part. However, things changed on September 4 as the price suddenly crashed to $0.052, and many rushed to buy the dip, which resulted in a recovery to $0.054. After that, traders started selling again, causing the price to return to $0.052.

This was on September 5, and after sinking to $0.05232, the price took a significant U-turn, heading back to $0.05576. This is where it remained for about half a day, dropping again to $0.05519 on September 6.

Finally, later on the same day, it saw another surge that took it past all previous resistances seen throughout the last seven days to a weekly high at $0.05921.

This surge of over 5% led many to believe that the token could continue increasing, surging by 10%. So far, however, this has not happened, and ASTR dropped to $0.05832, which is where it sits at the time of writing.

On the plus side, the price is starting to grow again, and its daily volume is nearly twice as high as it was yesterday, sitting at $9.9 million compared to $5.3 million seen 24 hours ago.

Commenting on its recent performance, one analyst said the token lacks bullish momentum after printing a double-top pattern at a resistance level.

This, coupled with a bearish divergence, suggests that the selling pressure is about to start. If the bears take control, the price will likely sink first to $0.056, followed by a further drop to $0.055, where it was 24 hours ago.

ASTR Price Surges as Astar Network Attracts Interest

Analysts are looking for the reason behind the token surge, and some believe it might be that the token gained some traction in South Korea. This has been one of the most popular markets in the crypto industry, and its surging volume on Upbit somewhat confirms this.

The token was also integrated by FireBlocks recently, providing access to more than 650 banks and institutions, which would typically be more than enough to send a token’s price flying.

As teased during WebX, @FireblocksHQ has integrated Astar providing hundreds of institutional investors with secure access to the Astar ecosystem. 🌠https://t.co/KBqh2zWLQo

— Astar Network (@AstarNetwork) July 27, 2023

Finally, the Polkadot-based token also recently announced the launch of Astar 2.0, which should come in a few weeks. The new update will bring new token economics strategies to empower users to control their privacy and data.

3️⃣ weeks…💥 pic.twitter.com/fJuaH2ym8T

— Astar Network (@AstarNetwork) August 23, 2023

Wall Street Memes Presale About to Close

Wall Street Memes (WSM) is making the last call for crypto buyers interested in purchasing this summer’s most popular meme coin. The project has managed to raise over $25 million during the presale, and right now, it is giving potential buyers one last opportunity to join in.

Anyone interested in buying WSM right now can do it with ETH, USDT, BNB, or via credit or debit card.

The token’s price currently sits at $0.0337. It is also worth noting that WSM will be listed on crypto exchanges in less than 20 days. After that, its price action will become subjected to crypto volatility, meaning it could head up or down, depending on several factors.

And, while the market is bearish at the moment, WSM has seen massive popularity during the presale, which might be enough to allow it to surge further post-launch.

Most Searched Crypto Launch - Pepe Unchained

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