Astar (ASTRUSDT) Market Overview: Volatility, Momentum Shifts, and Key Resistance Testing

• Astar (ASTRUSDT) formed a bullish engulfing pattern on 2025-08-24 18:45 ET, signaling a potential reversal after a sharp decline.

• Price retreated below 20-period and 50-period moving averages by early morning ET, indicating short-term bearish bias and weakening momentum.

• Bollinger Bands showed a significant expansion during the 19:00–20:30 ET sell-off, reflecting heightened volatility and uncertainty in short-term positioning.

• On-balance volume remained elevated during the 19:00–20:00 ET sell-off, with turnover exceeding $28 million at the session’s peak, suggesting active bearish participation.

• A 61.8% Fibonacci retracement level at $0.02555 appears to have acted as a key psychological barrier, with price failing to breach it in the final hours of the 24-hour period.

Astar (ASTRUSDT) opened at $0.02629 on 2025-08-24 at 12:00 ET, reaching a high of $0.02709 before closing at $0.02528 at 12:00 ET the next day. The pair traded between $0.02484 and $0.02709, with total volume of 132,165,065.0 and notional turnover of $3.34 million.

Structure and Candlestick Formations

The 15-minute chart showed a sharp bearish breakdown after the bullish engulfing pattern at $0.02693–$0.02696 (18:45–19:00 ET), which was later invalidated by a large bearish candle at 19:45 ET ($0.02734–$0.02677). A key doji formed at 00:45 ET as the price traded at the low of $0.02582, signaling indecision. Subsequent candles failed to recover above key Fibonacci and moving average levels, reinforcing a bearish bias.

Moving Averages and MACD

Price closed below both the 20-period and 50-period moving averages on the 15-minute chart, confirming bearish momentum. MACD showed negative divergence with price during the morning sell-off, suggesting increased bearish pressure. The daily chart remains neutral, but the 50-period MA is a key psychological level to watch for a potential recovery.

RSI and Bollinger Bands

Relative Strength Index (RSI) showed signs of oversold conditions in the early morning hours but failed to trigger a rebound, indicating exhaustion on the short side. Bollinger Bands widened significantly during the 19:00–20:30 ET sell-off, reflecting heightened volatility. Price closed near the lower Bollinger Band on the 15-minute timeframe, suggesting potential for a short-term bounce.

Volume and Turnover

Volume surged during the 19:15–19:30 ET and 00:45–01:30 ET periods, with notional turnover exceeding $28 million during the peak sell-off. The divergence between price and volume in the late-night hours suggests increased bearish conviction. Turnover remained steady into the morning, indicating ongoing bearish activity.

Fibonacci Retracements

The 61.8% retracement level of the 19:00–20:00 ET rally fell near $0.02555, which Astar failed to surpass during the subsequent consolidation. This level may act as a short-term floor if the market reverses. Deeper support lies at $0.0251–$0.0252, where a potential test may occur depending on the next 24 hours' direction.

Astar may remain in a bearish consolidation phase over the next 24 hours, with the key 50-period moving average and $0.0250 level offering potential support. However, a breakout above $0.02555 could shift the sentiment. Investors should remain cautious of extended bearish divergence in RSI and MACD, which could signal further downside risk.