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Astroport: 4-hour chart
Astroport is the latest decentralized exchange (DEX) on the Luna blockchain. It has brought the best experience from all DEXs on Ethereum to provide the best DEX experience to the Luna ecosystem.
Astroport was launched as an airdrop in December 2021 to users providing liquidity on the Luna ecosystem. The price initially rose to around $2.90 before dropping to a low of about $0.65, where it consolidated until February 23, 2022.
Astroport started breaking out on February 24, 2022, and has had a steady increase to its current price of $2.12 at the time of writing this article. As can be seen from the 4-hour chart above, the price has broken the all-important $2.00 price level, and now looks set to target the all-time high of $2.90. A final retest of the $2.00 range can be expected before moving higher.
We can expect price resistance at $2.90, which is the previous all-time high, and should we break that price point, we believe that $4.00 is achievable.