- Astar (ASTR) value modified palms round $0.03, risking draw back continuation.
- Partnership with Animoca Brands may assist ASTR’s value bounce.
- Market outlook is nonetheless bearish.
Astar (ASTR) value traded round $0.03, barely within the inexperienced on the day, as bulls struggled to maintain bears off.
This comes because the Astar Network token has seen its native token plummet greater than 10% previously week, with technical charts signalling a possible draw back continuation.
However with a significant partnership and funding from a number one blockchain gaming agency within the bag, can ASTR’s value bounce?
Astar Network will get Animoca Brands’ backing
On Might 21, 2025, the Astar Network crew introduced an enormous transfer.
Astar is teaming up with Animoca Brands.
The businesses introduced their strategic collaboration on Wednesday, revealing that Animoca Brands had additionally made a key funding in Astar.
Per the announcement, Astar will leverage the brand new alliance to bolster its place throughout the leisure and gaming ecosystem.
It seeks to leverage Animoca Brands’ help to develop into the main undertaking for business gamers seeking to enter the Japanese and Asian markets.
Not solely is that this about bringing mental property on-chain, but in addition about scalability and give attention to consumer-facing experiences.
“The investment from Animoca Brands is not just about financial backing. It’s a strategic initiative aimed at driving long-term growth in Web3 entertainment. Animoca Brands sees the value in Astar’s unique position as a gateway for entertainment IP from Japan and Asia into the global digital ownership economy,” Astar Network wrote in its weblog publish.
A part of what’s subsequent for Astar and Animoca Brands contains collaboration on additional methods of driving adoption throughout Web3.
The platforms’ future plans additionally embrace the potential unveiling of an Mental Property and entertainment-focused fund.
Will ASTR value rally?
ASTR token traded at lows of $0.025 on Might 7, 2025. Nonetheless, amid community developments and a broader market uptick that adopted, the altcoin surged to above $0.035.
Bears have since pushed Astar Network’s native token into the woods, with ASTR dumping over 10% previously week.
On the each day chart, the RSI and MACD indicators sign bearish continuation, the latter having the histogram trending weak.
ASTR is, nonetheless, inside a broad ascending triangle with the primary resistance zone round $0.035.
If value dips beneath the trendline help, bears may goal $0.022.
On the upside, a run to December 2024 highs of $0.9 is feasible amid a rallying crypto market.
