Market Overview for Astar/Bitcoin (ASTRBTC) on 2025-11-09

Summary
• Price remained tightly consolidated near 1.5e-07 with minimal movement.
• Volatility remained near historical lows with no clear breakouts.
• Volume spiked briefly before settling into a low-trading pattern.

Price Action and Structure

ASTR/Bitcoin (ASTRBTC) remained within a narrow range of 1.5e-07 to 1.6e-07 over the past 24 hours, with most candles forming doji-like patterns. The price opened at 1.5e-07 at 12:00 ET − 1 and closed at the same level at 12:00 ET. Notable volume spikes occurred at 23:45 and 03:45 ET, where prices briefly tested 1.6e-07. No clear support or resistance levels emerged, as the price lacked directionality and failed to form strong bullish or bearish engulfing patterns.

Moving Averages and Momentum

On the 15-minute chart, the 20- and 50-period moving averages remained flat, aligned with the price action, indicating no immediate momentum shifts. On the daily chart, the 50- and 100-day moving averages are converging slightly upward, but without any notable deviation from the 200-day MA, suggesting a continuation of sideways consolidation. The RSI hovered near the 50 level, indicating neutral momentum with no overbought or oversold conditions observed.

Volatility and Volume

Volatility, as measured by Bollinger Bands, remained contracted throughout the period, indicating a low-risk period for breakouts. The MACD line and signal line were both near zero, aligning with the lack of directional bias. Total volume amounted to approximately 732,603.5 units, with the majority of the activity occurring in the early morning hours. Turnover (notional value) was minimal due to the low price per unit, though the occasional high-volume bar suggested selective accumulation attempts.

Fibonacci and Retracements

Fibonacci retracements drawn from the 15-minute swing high of 1.6e-07 and low of 1.5e-07 showed the price retesting the 38.2% level at 1.503e-07. No significant bounces or rejections occurred from these levels, reinforcing the sideways pattern. Daily retracements showed similar consolidation behavior with no clear near-term targets emerging.

Backtest Hypothesis

The proposed backtest strategy involves identifying candlestick patterns such as the Bullish Engulfing formation on the ASTRBTC pair. However, the dataset does not show any clear instances of this pattern over the past 24 hours. For future backtests, confirming the pattern manually or using alternative symbol formats (e.g., ASTR-BTC) may be necessary. If successful, a 5-day holding period following the pattern could offer insights into short-term directional bias, though it remains speculative in the current low-volume and low-momentum environment.