Will ASTR Price Perform Well in January 2024?
ASTR price rose 34% last week and rewarded the short-term investors. The buyers look more aggressive and they are trying their best to take control of the YTD supply zone.
If the buyers succeed in breaking out of the $0.1200 barrier with a high volume then the next phase of rally may trigger. However, the question is how much upside is possible in January if a breakout is visible.
The analysis suggests the YTD breakout might fuel the momentum and the price may show a rise of approximately 20% to 30% in a short period.
The bulls are active near the EMA support so any minor downfall might be an opportunity to build fresh longs at a reasonable price.
However, if the situation reverses and the price slips below the 50-day EMA, sellers may come forward and demand will be at risk. By analyzing the price behavior and chart pattern, it can be said that the probability of a $0.1200 breakout is high.
$ASTR price prediction has turned bullish and suggests it might perform well in January 2024. The bulls are dominating and trying to take control over the YTD high supply zone.
The analysis suggests if buyers succeed in breaking out of the YTD high, then it will be an indication of the beginning of the bull run.
Technical levels
Resistance levels: $0.1200 and $0.1400
Support levels: $0.0735 and $0.0581
Source CMC
