Does More Plummetation, On The Horizon?

Aug 3

AR token price has outperformed 86% of the top 100 crypto assets in the past 1 year. However, it consolidated in a dynamic range, followed by strong volatility.
In the last few days, It dropped from a swing high of $49.5 and lost gains. The witnessed decline raised some concerns among its investors.
It suggested that the AR market has undergone a period of correction and consolidation in its price.
The EMA bands of 50-day and 200-day EMA showcased a further push downwards. MACD formed a bearish cross, and RSI has reached 34.77.
Based on the current pessimistic situation, If the AR token price continues to decline, the bears might eye support levels of $12.51 and $19.81. This would be followed by the resistance of $35.01 and $50.01.