Astar Crypto Technical Analysis: Do Recent Price Volatility and Volume Changes Indicate Low Risk Assessment?

1 min read

Even with the crypto market’s ups and downs as of late…

…There are good signs in the recent data suggesting a low risk assessment for Astar (ASTR) according to the InvestorsObserver.

Take a look at the data below they provide that does offer some food for thoughtful consideration.

The InvestorsObserver May 12 analysis gave Astar a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the last 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

Risk/Reward Score - Low

Trading Analysis

ASTR’s risk gauge score translates to a low-risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.

The price of Astar is -9.45% lower over the last 24 hours, leading to its current value of $0.06. The change in price goes along with volume being below its average level while the token’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $204,876,201.02, meanwhile $39,758,185.33 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Astar a low risk analysis.

Summary

The price volatility of ASTR over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token’s manipulability as of now.

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