🚀 Top Crypto Gainers on December 18 – ASTR, STX, And BGB

The crypto market experienced a retracement of 3.19% in the last 24 hours, with Bitcoin dropping to $40,809 at 6:07 a.m. EST, reflecting a 2.3% decrease in the same period. While the cause of this dip remains uncertain, the backing of Ledger software by hackers on December 15 could be a contributing factor. Despite this, certain altcoins have managed to exhibit notable gains.

🔍 Astar (ASTR) – Leading Blockchain Technology In Japan

At 6:47 a.m. EST, ASTR is priced at $0.123, marking a remarkable 52.5% increase in the last 24 hours and a notable 64.5% gain on the weekly chart. Astar Network recently unveiled a campaign celebrating the mainnet release of the Astar zkEVM, scheduled for Q1, 2024. This initiative promises users the opportunity to explore both old and new products on-chain and off-chain, accompanied by exclusive artwork from the Astar Foundation and participating projects.

📈 ASTR's Market Outlook:

The daily chart indicates a bullish pattern, suggesting a potential price increase in the coming weeks.

A Maribozu candle on the daily chart and a long upper wick on today’s candle indicate strong buying activity.

Trading close to the upper band of the Donchian Channel (DC) is considered a strong buy signal.

The Relative Strength Index (RSI) at 80.61, in the overbought region, signals active buyer participation.

A likely scenario of ASTR breaking above the $0.12 price level in the coming days if bullish momentum persists. Traders advised to monitor today’s candle close for confirmation.

📊 Stacks (STX) – Bitcoin Layer for Smart Contracts

STX has recorded a 5.3% increase in the last 24 hours, trading at $1.10, with a 20.2% gain in the past seven days. As a Bitcoin-dependent layer, Stacks benefits from recent improvements in the price of BTC.

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