The price of Astar (ASTR) traded near $0.03, showing slight gains on the day as bulls struggled to keep bears at bay.
This follows a week in which Astar Network’s native token fell more than 10%, with technical charts signaling a potential continuation of the downward trend.
However, after a major partnership and investment from a leading blockchain gaming firm, could ASTR stage a meaningful rebound?
Astar Network Gains Support from Animoca Brands
On May 21, 2025, Astar Network announced a significant development.
Astar has entered a strategic partnership with Animoca Brands.
The companies disclosed their collaboration and revealed that Animoca Brands made a strategic investment in Astar.
According to the announcement, Astar will leverage the new alliance to strengthen its position within the entertainment and gaming ecosystem.
The project plans to use Animoca Brands’ backing to become a primary gateway for industry players seeking access to Japanese and wider Asian markets.
The collaboration is not limited to bringing intellectual property on-chain; it also emphasizes scalability and consumer-focused experiences.
“The investment from Animoca Brands is not only financial support. It is a strategic initiative designed to drive long-term growth in Web3 entertainment. Animoca Brands recognizes the value of Astar’s unique position as an entry point for entertainment IP from Japan and Asia into the global digital ownership economy,” Astar Network said in its blog post.
Next steps for Astar and Animoca Brands include joint efforts to increase Web3 adoption.
Future plans may also include the potential launch of a fund focused on intellectual property and entertainment.
Will ASTR Price Rise?
ASTR traded as low as $0.025 on May 7, 2025. Following network developments and a broader market upswing, the altcoin rallied above $0.035.
Since then, however, bears pushed Astar Network’s native token downward, with ASTR losing over 10% in the past week.
On the daily chart, indicators such as RSI and MACD suggest downside pressure, with the MACD histogram trending weaker.
Price chartAstar on TradingView
Price action shows ASTR trading inside a broad ascending triangle, with key resistance near $0.035.
If price breaks below the trendline support, bears could target $0.022.
Conversely, in a sustained crypto market recovery, a rally toward the December 2024 highs around $0.90 remains a remote but possible upside scenario.