FxWirePro-ASTRUSD (Chart of the day)

It is Japan's most popular smart contract platform supporting both EVM and Web Assembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine.

Astar zk EVM-

It is the first layer 2  network of the Ethereum Virtual Machine (EVM), a zero-knowledge (ZK) rollup scaling solution. It's just like using Ethereum, but with the groundbreaking scaling power of ZK tech," It helps to improve scalability, shared scalability, and EVM equivalence.

Main features-

Transaction per second 1000

Block time- 12 seconds

ASTRUSD showed a minor sell-off after a sharp rally.

Any daily close above $0.20 confirms further bullishness.

ASTRUSD has traded higher for the past two weeks and surged more than 75%. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.1985 and is currently trading around $0.1816.

The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.15. Any break below targets $0.10. Significant downtrend if it breaks $0.10.

The pair's near-term resistance is around $0.20. Any breach above confirms minor bullishness. A jump to $0.25/$0.30 is possible. A surge past $0.35 will take it to $0.50.

It is good to buy on dips around $0.150 with SL around $0.10 for TP of $0.33.