- Pirate Chain (ARRR) price sustains above the crucial level of $8 first time since its inception
- The market cap of ARRR values at $1.25 billion but still it is not in the list of top 100 in CoinmarketCap
- The ARRR/BTC values at 0.0001207 with a drop of 4.81%
The 4-hour technical chart of Pirate Chain price projects a sideways momentum. According to pivot points, ARRR’s basic support level is at $5.60. While on the other hand if it moves up, the critical resistance level to watch is $15.0. While diving into the intraday chart, it finishes a bullish inverted pin bar candle addressing bullish reversal with low reliability.
While looking at the Stochastic RSI (BULLISH) – Provides us with a value of K-63 (blue) intersects beneath D-75 (orange), Projecting a bullish scenario with a slight price correction in the asset price action. Moreover, the investors may perceive a surge in the index, which may lead the price to spike up in future trading sessions.
The Moving Average Exponential Ribbon consists of 8-EMA, ranging from EMA 20-55, acts as solid support in the asset price action. Investors may observe the ribbon is getting compact and the price is trying to sustain above the ribbon, so until the price remains above the ribbon, ARRR’s bullish trend is ensured.
The volume of (3.34K) is beneath the Volume MA (4.30K) of 20-days. Buying pressure is required in Pirate Chain to drive its price to higher levels. Investors may also observe a declining volume which is an indication that price action may spike in future trading sessions.
Why Are Projects Of Binance Creating Monopoly & Pirate Chain Price Is Cornered In CoinmarketCap ?
Pirate Chain price traded at $8.50 with a decrease of 3.28% over the recent 24-hour. Besides, ARRR bounced from the support of $5.60. Conversely, the market capitalization remains at $1.25 billion. Technically, investors can see a sideways trend, and the price is trying to sustain above the EMA Ribbon. The stochastic RSI index features a flat slant and values in a bullish zone. Additionally, the price movement can be towards the target price of $15.0 in future trading sessions.
Resistance: $15.0
Support: $5.60