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Pirate Chain Price Analysis: ARRR Crypto Price Set For A Positive Recovery Mode

  • Pirate chain coin price is currently observing a consolidated momentum with a hint of bullish mode. It might see an upside momentum in upcoming days.
  • Technical indicators for ARRR coin suggest  a consolidated momentum for upcoming days. In contrast, ARRR/BTC pair is seeing a gain of 6% in the intraday session

ARRR crypto price is currently observing a consolidated momentum and is trailing near the value of $2.08. It is currently trading with a gain of  more than 5% in the intraday session. Pirate chain coin price has seen an ROI of more than 4700% which has always remained a selling point for the investors. ARRR coin price is currently trading below the 0.786 fib and can see a support value near 1 fib.

Pirate chain token  is currently ranked 224th in the CMC  with a market capitalization of $414,701,279. The volume of the  coin is seeing a decline in the past few days.  Volume to market capitalization ratio of the ARRR coin shows a possibility of an upside momentum. One can invest in ARRR token as per the price action.

Bulls And Bears Both Are Resting In ARRR Crypto Price

Source: Trading view

The weekly technical chart of the ARRR coin highlights an upside momentum for upcoming days. On coming to the daily chart the price has formed a strong support and can see a bounce in the future.. Resistance for the ARRR price while going up can be seen near $4. One can expect a bounce back in the Pirate chain near $1.5. The price of the Pirate chain is currently below the 50 and 100 Daily Moving Average, with a negative crossover in the past trading session. The negative crossover in the price can push it to the lower levels. The 50 MA line is currently near the value of $3.86 making it a temporary resistance region for the price. Price of the coin can see a jump above the 100 MA in the future. If the price of the Pirate chain goes above $5 then a strong bullish momentum can be seen. ARRR/BTC pairs can also see an upside in the future.

Conclusion

ARRR crypto price is currently in a consolidated momentum but can soon jump out to a new high. Pirate chain price can see an uptrend till $10 in the future. ARRR/BTC pairs can also see the new gains

Technical Levels

Major Support: $1.5

Major Resistance: $5

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.