$ASTR 🔄 ASTR/USDT Faces Key Resistance Test
The ASTR/USDT pair is currently attempting a bullish reversal from its recent lows, with the price now sitting near 0.945. On the 4-hour chart, Astar has successfully bounced off the 24h Low of 0.885, forming a classic 'W' pattern, which is a strong bullish indicator. $ASTR
The price is now challenging the converging moving averages: the MA(7), MA(25), and MA(99). Breaking above the cluster of MAs around the 0.937 to 0.945 range is critical. A clean candle close above this level could confirm the upward momentum, targeting the previous resistance zone near 0.951. Conversely, a rejection here could see the price retest the recent lows. This is a pivotal point for the asset's short-term direction.
Would you like me to look up any recent news or developments concerning the Astar Network (ASTR)? $ASTR
