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Astar (ASTR) continues its rise, we will analyze past price movements through charts and technical indicators. We will identify support and resistance levels and provide guidance to investors on buying and selling decisions.
The release of UpBıt‘s news in the early hours this morning had a tremendous impact on the ASTR coin. This remarkable event in the crypto world resulted in an extraordinary %205 rise within just 1 minute. A slight pullback after this sharp rise could pave the way for steeper rises during ASTAR coin’s future bull period.
UpBıt’s ability to intervene with cryptocurrencies in such a fast and effective way shows that they have a strong position in the market. Being able to achieve an increase of over %200 within a minute clearly shows that this platform has the ability to instantly impact cryptocurrencies.
By focusing on the reasons behind this rapid rise, we can predict that the Astar (ASTR) coin might have steeper rises in the upcoming bull period.
Technical Analysis of Astar Coin
When we examine the last rise in Astar, I recommend you take a look at the analysis we shared on our blog page in August. After the rise, we see that the one-minute candle closures showed a return from the 0.1972 dollar level we pointed out. We’re pleased that we were able to inform you in advance against potential sales at this resistance level.
When we look at the chart, after getting a reaction from the 0.1972 dollar level, it pulled back to our lower support zone, the 0.967 dollar level. If this support point is maintained, it may try to rise again to the 0.1780 dollar – 0.1972 dollar levels. However, if this support point is lost, a pullback to the 0.075 dollar levels could become likely. Because lately, Bitcoin’s being in a correction has caused serious price fluctuations in altcoins.
When this process gains clarity, it will be possible to better interpret which direction the market can go. Therefore, we recommend you to continue to follow us to keep up with the current situation and developments.
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