On September 7th at 0:00 UTC, traders and analysts identified an ABCD Fibonacci pattern in the chart of ASTR.
This technical pattern is still in the process of forming and suggests a potential bearish movement. Market experts are eyeing target levels ranging from 0.0653 to 0.0390 within the next week. While the pattern is not yet complete, its emergence has caught the attention of investors who are now exercising caution.
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Astar’s Price Surge: The EVM Staking Factor
According to the latest data from CoinMarketCap, Astar (ASTR) has experienced a significant price surge in the last 24 hours. The cryptocurrency is currently priced at $0.05782, marking a 4.72% increase within a day. The 24-hour trading volume stands at approximately $9.97 million, and the market cap has reached around $302.7 million.
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Show more +The price surge can be attributed to Astar Network’s recent launch of EVM (Ethereum Virtual Machine) staking. This new feature allows users to stake ASTR tokens using Metamask and earn rewards.
The staking can be done through exchanges like @gate_io and @gmo_coin, enabling direct withdrawal of EVM ASTR. This update has not only attracted new users but has also provided an opportunity for those already familiar with EVM wallets to start staking ASTR.
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