Astar/Bitcoin Market Overview

• Astar/Bitcoin (ASTRBTC) remained flat around 2.1e-07 for most of the 24-hour period, with minimal price movement.
• A brief price attempt to rise to 2.2e-07 occurred but failed to sustain momentum.
• Notional turnover was low overall, with limited volume spikes observed in the late New York session.
• RSI and MACD showed no strong divergence or overbought/oversold signals.
• Volatility remained compressed as seen in narrow Bollinger Band readings across the chart.

The Astar/Bitcoin (ASTRBTC) pair opened at 2.1e-07 on 2025-09-12 at 12:00 ET and closed at the same level 24 hours later. The high reached 2.2e-07 while the low remained at 2.1e-07, showing a narrow range. Total volume was 185,014.0 ASTR, and notional turnover was negligible, reflecting low market interest.

Structure & Formations

The 15-minute chart displayed a tight trading range with minimal price deviation around 2.1e-07 throughout most of the period. A minor rally to 2.2e-07 occurred around 19:30–20:00 ET, forming a small bullish candle with a long lower wick but no confirmation of a breakout. This attempt failed to sustain above 2.2e-07, forming a potential bearish rejection pattern. A doji appeared around 22:30–23:00 ET, indicating indecision and lack of conviction from buyers or sellers.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages closely aligned and remained flat within the 2.1e-07 range, reinforcing the consolidation pattern. On the daily chart, the 50/100/200 SMA lines were also nearly flat, confirming the lack of directional momentum. No clear crossover signals emerged, suggesting a continuation of range-bound behavior.

MACD & RSI

The MACD remained flat and near zero, with no distinct bullish or bearish crossover, indicating a lack of momentum. The histogram showed minimal divergence, reinforcing the sideways trend. The RSI oscillated within a narrow range between 48 and 52 for the most part, with a brief spike to 65 at 19:30–20:00 ET before retreating. This spike did not cross into overbought territory, indicating a failed rally attempt.

Bollinger Bands

Bollinger Bands remained compressed for the duration of the 24-hour period, signaling low volatility. The price hovered tightly around the middle band, with no significant deviation. This suggests a lack of conviction from traders and a potential consolidation pattern.

Volume & Turnover

Volume was generally low, with no significant spikes exceeding 100,000 ASTR except for a single 90,909.1 ASTR trade at 13:45 ET. Notional turnover remained low and uncorrelated with price, indicating minimal trading activity and interest in the pair. No clear volume divergences were observed, suggesting a continuation of the current range.

Fibonacci Retracements

Applying Fibonacci retracements to the minor 2.1e-07 to 2.2e-07 swing, the 38.2% retracement level sits at 2.185e-07 and the 61.8% level at 2.115e-07. The price briefly tested the 2.2e-07 level but failed to confirm a breakout. These levels may serve as key reference points for potential future price action.

Backtest Hypothesis

A potential backtest strategy could involve a breakout trade from the 2.1e-07 consolidation range, using a stop-loss just below 2.1e-07 and a target at 2.2e-07. Traders may also consider a mean reversion approach, entering short or long positions when the RSI diverges beyond 52 or below 48, respectively. Given the low volatility and flat structure, the strategy should include a tight stop-loss and limit position size to manage risk effectively.