Astar Price Prediction 2022 – Will ASTR Price Hit $0.5 Soon?

This Astar (ASTR) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our ASTR price analysis and prediction.

There are many cryptocurrencies that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. This is also the same case that traders are experiencing in Astar (ASTR). However, Astar (ASTR) is one of the cryptocurrencies that entered the market recently and has gained over 153% in the past 30 days after attaining an all-time high value of $0.3353 on April 10^th, 2022 according to CoinMarketCap.

Can Astar (ASTR) reach $0.5 in 2022? We will find out shortly. But before we proceed to our ASTR analysis, let us first answer the question “What is ASTR?” in this Astar (ASTR) price prediction 2022 article.

What is Astar (ASTR)?

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting Ethereum Virtual Machine(EVM) and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

ASTR token is used for facilitating the governance activities such as voting and referenda. ASTR token holders can stake ASTR tokens on dApp as well as the network. By doing so, the staker can earn ASTR tokens

Now that we are clear about Astar (ASTR), do you think ASTR be profitable crypto in 2022? Join me and let us see the charts in this ASTR price analysis and ASTR price prediction.

Astar (ASTR) Current Market Status

As of the time of writing this Astar (ASTR) price analysis, ASTR trades at $0.28 with a 24-hour trading volume of $270,750,893. The price of ASTR has decreased by 9.91% in the last 24 hours.

Furthermore, Astar (ASTR) has a current circulating supply of 2.63B ASTR. Currently, the top cryptocurrency exchanges for ASTR are Binance, Kraken, Huobi Global, Kucoin, OKX, and Gate.io.

Now, let’s proceed to the next part of this Astar (ASTR) technical analysis for 2022.

Astar (ASTR) Price Analysis 2022

Currently, Astar (ASTR) holds 217th place on CoinMarketCap. But will the latest upgrades, development, and changes in the Astar ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ASTR price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ASTR/USDT, we can deduce that the price of Astar (ASTR) might get bullish in some days since the price is consolidating at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 4-hour chart is 56.19.  This shows that Astar (ASTR) is showing a strong trend since its RSI lies between 50 and 70. his value can trigger a bullish run if more buyers reposition as the value is moving towards the 70 RSI value which is the overbought region.

From the chart above, the 200-MA is below the 100-MA which means that short-term investors would gain. However, since the gap between the two moving averages is large and both moving averages are below the recent candlesticks, there might be a strong bearish run soon since the market seems to be in indecision and a bearish Marubozu was formed previously.

Astar (ASTR) Price Prediction

The chart below shows that Astar (ASTR) has performed great over the past few days. Moreover, the ASTR price shows a bullish trend and had gained over 150.3% in the past 14 days.. If this trend continues, ASTR might run along with the bulls, overtaking its $0.29 resistance1 level and move higher to $0.33 at resistance2, the 2022 bullish signal.

Conversely, if the investors turn towards the crypto, the bears might take over and push Astar (ASTR) from its uptrend position. In simpler terms, the price of JST might plummet to almost $0.09, a bearish signal.

Meanwhile, our long-term Astar price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Astar (ASTR) Price Prediction 2022

If this bullish trend continues, Astar (ASTR) will reach $0.33 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $0.29. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Astar (ASTR) Price Prediction 2023

If Astar (ASTR) holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.7, making it not plummet but play consistently.

Astar (ASTR) Price Prediction 2024

As per the latest upgrades, developments, Astar (ASTR) price prediction, and new project forecasts of the platform, ASTR investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ASTR in the crypto market, and it will be the best investment as the price can spike and reach around $1.

Astar (ASTR) Price Prediction 2025

In the next four years, Astar (ASTR) prices could rise up to $1.5. More so, reaching this level could not be so difficult for ASTR as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ASTR has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Astar (ASTR) Price Prediction 2026

In the next five years, Astar (ASTR) prices could rise up to $2. More so, reaching this level could not be so difficult for ASTR as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ASTR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Astar (ASTR) has a bright future ahead of it in 2022. With the ongoing developments happening within the Astar ecosystem, as well as in the overall crypto market, we may see ASTR reach new heights.

Bullish Astar (ASTR) price prediction 2022 is $0.33. As said above, it may even reach its new ATH if investors have decided that ASTR is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.