Market Overview for Astar/Bitcoin (ASTRBTC)

• Price range between 2.1e-07 and 1.9e-07; close near the low end of the range
• High volatility evident in the late-night session with a 1.9e-07 pullback
• Sustained low volume activity during most of the day
• Divergence between volume and price action highlights key consolidation
• RSI remains near neutral; no strong overbought or oversold signals

24-Hour Summary and Open/Close Context

At 12:00 ET on 2025-09-25, Astar/Bitcoin (ASTRBTC) opened at 2.1e-07, reached a high of 2.1e-07, dipped to a low of 1.9e-07, and closed near the 1.9e-07 level. The 24-hour period, from 12:00 ET on 2025-09-24 to 12:00 ET on 2025-09-25, recorded a total volume of 1,580,518.8 units and a notional turnover of approximately 0.297 BTC.

Structure and Candlestick Formations

The candlestick pattern for the past 24 hours shows a bearish continuation with several long lower shadows and near-range closes, especially after the 010000 ET candle, which marked a sharp drop to 1.9e-07. Several doji and narrow-range candles suggest indecision in the market. A notable bearish engulfing pattern occurred after the large-volume candle at 221500 ET, where price gapped down and closed at the session's low.

Support and Resistance Levels

Key support appears to be consolidating around the 1.9e-07 level, with a minor support zone between 1.9e-07 and 2e-07. Resistance remains sticky at 2.1e-07, where price has struggled to maintain any firm bullish momentum.

MACD and RSI Momentum Indicators

The MACD line has shown a bearish crossover recently, indicating a possible continuation of the downward trend. RSI has remained in the 50–60 range for most of the period, indicating neutral momentum with no strong overbought or oversold readings. This suggests that the market is in a consolidation phase rather than a strong trend.

Bollinger Band Behavior

Volatility has seen a moderate expansion during the early hours of the morning (ET), with the Bollinger Bands widening as price dipped to the 1.9e-07 level. Price has since remained near the lower band, indicating bearish pressure. A contraction in the bands is not currently evident, but a potential retest of the upper band at 2.1e-07 could signal a reversal attempt.

Volume and Turnover Divergences

Volume has been mostly subdued, with only a few spikes at key price levels. The most notable volume spike occurred at 221500 ET, coinciding with a significant price drop. This suggests that bearish participants were more active during the late-night session. However, the lack of follow-through in subsequent volume suggests that the bearish move may be exhausted or could lead to consolidation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing from 2.1e-07 to 1.9e-07, the 38.2% level is approximately 2.05e-07 and the 61.8% is 1.97e-07. Price has recently tested the 61.8% level without a clear bounce, suggesting bearish dominance for now. On a daily chart, Fibonacci levels could help identify potential support/resistance levels in the short term as well.

Backtest Hypothesis

The backtesting strategy aims to exploit the bearish continuation patterns observed in ASTRBTC's 15-minute candles. A possible approach involves entering short positions on bearish engulfing patterns or strong rejections at key resistance levels, particularly at 2.1e-07. A stop-loss could be placed just above the most recent bullish swing, with a target aligned to Fibonacci 61.8% retracement levels. The strategy relies on consistent volume confirmation during these breakouts or breakdowns to filter noise and false signals. Given the current low volume and consolidation phase, the strategy may face challenges but remains viable with tighter risk management and a time filter (e.g., executing trades only between 1600 ET and 1000 ET).