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ASUNA Coin’s Descent: Navigating the Shadows of Weak Patterns

  • The ASUNA coin has a low liquidity and the coin is approaching lower levels.
  • The ASUNA coin has shown a negative return of over 29% in the last six months, indicating poor returns in the past.

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The ASUNA coin has an average trading volume of 14 as per the TradingView overview section. The coin is newly launched. 

The coin is trading at $0.000000000063, with a rise of 0.3% in today’s market session. The coin has a market cap of $7.54 Trillion as per the CoinGecko terminal data.

The ASUNA has a total liquidity of $22.7K and the coin is not yet trading in any of the renowned exchanges.

ASUNA Coin Technical Analysis

Source: ASUNA/USD Chart by Tradingview

The ASUNA coin is demonstrating signs of downtrend momentum. The price is forming lower lows levels in the daily timeframe. As per the TradingView Wrapped BNB data, the coin has given a return of -38% in the previous year, showing poor performance by the coin.

The price of the ASUNA coin has given a breakdown from the channel pattern and broken the support level of $0.000000000066. The overall pattern of the ASUNA coin is poor and the sellers are dominating.

The price is losing its liquidity and it is expected to decline in the upcoming days.

Technical Indicators Outlook About ASUNA Coin

The ASUNA coin’s MACD line has dropped below the signal line, signaling a bearish crossover. Furthermore, the appearance of a red histogram strengthens the bearish signal.

The ASUNA coin is trading below the 50-day and 100-day EMA levels. The overall momentum is weak and the price is likely to decline in the upcoming days.

ASUNA Coin Chart By TradingView

Conclusion

The ASUNA coin is moving in a downtrend momentum. The coin is moving down and forming a lower-low structure. The sellers are dominating the price and it is losing its liquidity. The indicators are also negative for the coin and the price has shown negative returns last year. Hence, the price is expected to decline further in the upcoming days.

Technical Levels

  • Support Level: $0.000000000059 and $0.000000000055
  • Resistance Level: $0.000000000066 and $0.000000000073
Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.

Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.