The Arweave price had been consolidating before the first week of February 2024 and got the speed in its price growth from the second week of February 2024.
The price surged by breaching multiple resistance areas in the uptrend, like $10.0 and $25 swiftly. But, this uptrend was violated after reaching a high of $47 and the crypto demonstrated a decline as the AR price sank from a vital level of around $47 on the chart.
The Arweave crypto has started declining and it is almost at a big fall barely surviving the current height, With more push from the seller's side from the resistance level, the price could dive to new lows.
The Arweave asset is displaying bearishness and falling tendency as it plunges below the major 20-day trend EMA band, reliant on the sellers' surge, it could consume dynamic support and decline.
On the overall observation on the daily chart, the AR asset is displaying bearish characteristics as MACD is showing a bearish cross with a falling histogram atv -1.526, and the RSI is falling smoothly after taking a rejection from 14- SMA, implying that the Arweave asset is losing momentum and can achieve new depths dependent on sellers.
It has attained good performance in the earlier session in the last month, and three months, by 170.33%, and 245.13% respectively. Currently, the Arweave asset is expressing bearish behavior and has the tendency to plunge further soon as it has already declined 14.66% this week.
At the time of writing, the AR token price is at $32.85 with an intraday surge of 5.62% on the daily chart, the twenty-four hours trading volume on all tradeable exchanges platforms is 107.33 Million, and the market capitalization is 2.12 billion.
According to the price action if the AR token price fails the immediate level, the nearest support would be $25, and breaching this would lead the price downwards up to the next major support and that would be $16.0. But, if it somehow manages to revive from the immediate level then it could return for the reclaiming upper levels at $40.0, and breaching that would lead the next target up to $47.0, and beyond this resistance the door will widen for more future growth.
The price surged by breaching multiple resistance areas in the uptrend, like $10.0 and $25 swiftly. But, this uptrend was violated after reaching a high of $47 and the crypto demonstrated a decline as the AR price sank from a vital level of around $47 on the chart.
The Arweave crypto has started declining and it is almost at a big fall barely surviving the current height, With more push from the seller's side from the resistance level, the price could dive to new lows.
The Arweave asset is displaying bearishness and falling tendency as it plunges below the major 20-day trend EMA band, reliant on the sellers' surge, it could consume dynamic support and decline.
On the overall observation on the daily chart, the AR asset is displaying bearish characteristics as MACD is showing a bearish cross with a falling histogram atv -1.526, and the RSI is falling smoothly after taking a rejection from 14- SMA, implying that the Arweave asset is losing momentum and can achieve new depths dependent on sellers.
It has attained good performance in the earlier session in the last month, and three months, by 170.33%, and 245.13% respectively. Currently, the Arweave asset is expressing bearish behavior and has the tendency to plunge further soon as it has already declined 14.66% this week.
At the time of writing, the AR token price is at $32.85 with an intraday surge of 5.62% on the daily chart, the twenty-four hours trading volume on all tradeable exchanges platforms is 107.33 Million, and the market capitalization is 2.12 billion.
According to the price action if the AR token price fails the immediate level, the nearest support would be $25, and breaching this would lead the price downwards up to the next major support and that would be $16.0. But, if it somehow manages to revive from the immediate level then it could return for the reclaiming upper levels at $40.0, and breaching that would lead the next target up to $47.0, and beyond this resistance the door will widen for more future growth.