ASTR Weekly Chart Analysis

9. JuliHello everyone, I’m Cryptorphic.
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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

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