- Pirate chain coin price is currently seeing a strong downside momentum which can push it to a new low. It might observe a reversal in price in the future
- Technical indicators for ARRR asset price suggests a strong upside trend for the future. In contrast, ARRR/BTC pair is down by 5% in the intraday session.
ARRR coin price is currently seeing a downside momentum which can lead it to the lower levels. Pirate chain price is currently near $2.7 with a loss of more than 1.6% in the intraday session. Pirate chain coin price has seen an ROI of more than 4700% which has benefitted various classes of investors. ARRR coin price is currently trading below the 0.786 fib and might test the lower support soon.
Pirate chain token market dominance along with its CMC ranking has remained stagnant for a while and might soon see a reversal. The volume of the coin has also seen a decline in the past few days. Volume to market capitalization ratio of the ARRR suggests a downside momentum for upcoming days. One can invest in ARRR as per their needs and price action scenario.
Bulls Of ARRR Coin Price Might Soon See A Reversal
The weekly technical chart of the ARRR coin price suggests a consolidated momentum for the future. On coming to the daily chart the asset price has formed a strong supply zone on the daily chart.. Resistance for the ARRR price while going upwards might be seen near $4. One can see the support zone in Piratechain 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 . The negative crossover in price tells that it may soon test the lower support in future. The 50 MA line is currently near the value of $2.79 making it a temporary resistance region for the price. Price of the coin can see a jump across the 50MA. If the price of the Pirate chain goes over $5 then a strong bull trend can be seen in future. ARRR/BTC pair might also hit a new low in the future
Conclusion
ARRR coin price is currently in a bearish mode but can soon revert to the uptrend. Pirate chain price might see a bounceback to $10 in future. ARRR/BTC pairs can also observe new highs in upcoming days
Technical Levels
Major Support: $1.5
Major Resistance: $4