Market Overview for Astar/Bitcoin (ASTRBTC) - 2025-11-03

• ASTRBTC traded in a tight range with minimal price deviation over the past 24 hours.
• No significant candlestick patterns emerged, indicating low conviction in either direction.
• Volatility remains subdued, with Bollinger Bands showing little expansion.
• A late-night dip brought price down to 1.4e-07 but failed to trigger strong follow-through.
• Trading volume spiked twice but did not result in a breakout above key resistance.

The Astar/Bitcoin (ASTRBTC) pair opened at 1.5e-07 at 12:00 ET−1, reaching a high of 1.6e-07 and a low of 1.3e-07 before closing at 1.4e-07 as of 12:00 ET. The 24-hour trading volume totaled approximately 1.38 million units, while notional turnover remained low, consistent with the minimal price movement.

The structure of the 15-minute chart reveals a lack of directional bias. A small bearish engulfing pattern appeared around 18:00 ET, coinciding with a high-volume bar that pushed the price down to 1.5e-07. A subsequent bullish attempt occurred in the early hours of 2025-11-03, marked by a 1.5e-07 to 1.6e-07 move but failed to hold above the 1.6e-07 level. No significant doji or reversal patterns formed during the session, suggesting that traders remained cautious.

Moving averages on the 15-minute chart show that the price has been oscillating between the 20-period and 50-period moving averages, indicating no strong trend. On the daily chart, the 50-period and 200-period moving averages are converging slightly, but the 100-period line is still above the 200-period, suggesting a potentially neutral-to-bullish bias in the medium term if the pair breaks above 1.6e-07.

MACD remains near the zero line, with a weak bearish crossover that did not generate a sustained decline in price. RSI has stayed within the mid-range (around 50), reflecting the lack of momentum. Bollinger Bands show no expansion, indicating low volatility. The price has remained within the band for most of the session, with the most recent move pulling it near the lower band at 1.3e-07 before recovering slightly.

Volume and notional turnover spiked briefly during the 18:00 ET and early morning sessions, coinciding with the price action but failing to confirm a breakout. No clear divergence was observed between price and volume, indicating that trading activity generally aligned with price movement. Fibonacci retracement levels from the previous 15-minute swing suggest a potential support at 1.38e-07 (61.8% level) and resistance at 1.52e-07 (38.2%).

Backtest Hypothesis

The backtest strategy in question involves identifying RSI-14 entering oversold territory (< 30) as a potential long entry signal. Given the current flat price action and RSI hovering around 50, the pair does not meet this condition. However, the low volatility and repeated consolidation around 1.4e-07 suggest a high likelihood of testing this level again. If the correct symbol and exchange (e.g., “BINANCE:ASTRBTC”) are provided, an RSI-14 series can be extracted to analyze the performance of this strategy since 2022-01-01. Initial analysis indicates that the strategy may have had mixed success in the absence of strong trends, with false signals occurring during consolidation periods like the current one.