The native token of Airswap, AST increased up to 115%, led by a renewed interest in whales and a favorable technical configuration.
According to Coingecko data, AIRSWAP (AST) reached an intra-day summit of $ 0.071 on June 23 afternoon, the Asian time, extending its earnings at 255% of its hollow of $ 0.020.
Airswap joined while the global market capitalization of cryptography has dropped by around 3% to 3.2 dollars by day. The main active ingredients, including Bitcoin (BTC) and Ethereum (ETH), continued to decrease, weighed by increasing geopolitical tensions in the Middle East and deploying the feeling of investors to package assets.
At the time of the press, AST had cooled at $ 0.051, reducing its daily gain to around 51%. However, technical and chain indicators suggest that the token can still be ready.
On the 4 hour / USDT graph, AST has decisively died a descending channel of several weeks, generally considered as an inversion signal when it is followed by a volume confirmation. In addition, the token completed an escape from a Taurus flag model, a continuation model which often signals a momentum.
In particular, AST is now traded above the 50 days and 200 days simple mobile averages. The 50 -day SMA appears on the right track to cross the 200 -day SMA, a technical training known as the Golden Cross, which is traditionally considered as a long -term bullish signal.
In addition to that, the MacD lines pointed upwards, while the Superrend indicator overturned towards a green signal, strengthening the bias bias in the short term.
From the point of view of the price, AST can try to retain its recent summit of $ 0.071. A successful escape above this level could open the door to a rally to the next resistance at $ 0.095, which was hit for the last time in April.
The accumulation of whales seems to be a key catalyst that stimulates movement. According to CoinmarketCap data, whales are currently controlling 83.8% of AST’s circulating supply, a trend that retail traders often follow clues to institutional feeling.
At the same time, the total AST sales on exchanges have dropped by more than 21% in the last three months.
In terms of development, the AIRSWAP team also planned a community call on June 25 to discuss the next initiatives related to DAO. The announcement aroused a renewal of commitment through the Airswap ecosystem, which could maintain short -term attention.
Despite the bullish configuration, there remains a key risk for investors. According to CoinMarketCap data, the first 10 carriers are currently controlling almost 80% of the power supply. This high degree of concentration introduces a vulnerability to sudden sales or price manipulation, which could create volatility in the absence of a strong support on the request.
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
