Market Overview for Astar/Bitcoin (ASTRBTC) on 2025-10-08

• Astar/Bitcoin (ASTRBTC) traded in a tight range near 2.3e-07, with no directional momentum over 24 hours.
• Volume surged at 01:30 ET and 07:45 ET, but failed to break key resistance.
• RSI remains neutral, indicating no overbought or oversold conditions.
• Volatility was subdued, with price hovering near the midline of Bollinger Bands.
• No major Fibonacci retracements or candlestick patterns emerged during the period.

Astar/Bitcoin (ASTRBTC) opened at 2.2e-07 on October 7 at 12:00 ET and closed at 2.3e-07 at 12:00 ET the following day. The 24-hour range extended from a low of 2.2e-07 to a high of 2.3e-07. Total volume amounted to 775,392.6 contracts, while notional turnover reached approximately 0.1786 BTC. Price remained range-bound, with minimal directional bias and no breakout attempts.

Structure & Formations

Price remained compressed within a tight channel, oscillating between 2.2e-07 and 2.3e-07 without forming clear support or resistance levels. A few candlesticks showed potential for consolidation, including a long-wick bullish candle at 02:30 ET and a bearish candle with a lower shadow at 01:30 ET. No clear reversal patterns (e.g., engulfing or doji) emerged, and most candles showed no directional bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages aligned closely, hovering near the 2.28e-07 to 2.29e-07 range. Price frequently tested the 20SMA but failed to break through. Over the daily timeframe, the 50/100/200SMA lines appeared indistinguishable due to the extremely low price range and minimal volatility.

MACD & RSI

MACD lines displayed no significant divergence, and the histogram remained near zero, consistent with the range-bound price action. RSI oscillated between 48 and 52 for most of the period, signaling a neutral market with no signs of overbought or oversold conditions.

Bollinger Bands

Price remained near the midline of Bollinger Bands for most of the 24-hour window. There were no notable expansions or contractions in volatility, and price did not test either the upper or lower bands more than a handful of times. This suggests a continuation of the low-volatility range.

Volume & Turnover

Volume saw a few spikes during the early hours of the morning (ET), notably at 01:30 ET and 07:45 ET, but price failed to respond to these with directional movement. Notional turnover mirrored volume trends, with the largest trade volume occurring in the first few hours of the day. No meaningful divergence between price and volume was observed.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 2.2e-07 to 2.3e-07, price frequently touched the 50% and 61.8% retracement levels but lacked follow-through. No major daily retracement levels were relevant due to the extremely narrow price range over the past 24 hours.

Backtest Hypothesis

Given the low volatility and tight range observed, a mean-reversion strategy based on RSI and Bollinger Band midline could be tested. Specifically, a long trade could be entered when price falls below the midline of Bollinger Bands and RSI drops below 40, with a stop-loss placed at the previous swing low. Conversely, short entries may be triggered when price exceeds the midline and RSI rises above 60, with a stop-loss at the prior swing high. This approach could potentially capture small countertrend moves within the defined range.