- AR Token price continues to grow higher, supported with an ascending triangle.
- The price action analysis indicates the formation of an ascending triangle.
- The pair of AR/BTC is trading at 0.001022 BTC with an intraday fall of -7.90%.
AR coin price action indicates a solid uptrend in the action as the price approaches the $65 resistance in the daily chart. Furthermore, the underlying bullishness gradually decreases as the price approaches the long-coming support trendline with increasing selling volume.
As per the pivot points, the resistance levels for the token are residing at $65 and $88 marks. Therefore, in the case of a bearish reversal of the coin price, sellers may find opposition at $50 or $36.
The AR Token price trades at $59, decreasing 3.69% in market capitalization over the past 24 hours. However, the intraday trading volume has increased by 124% in the past day, indicating a rise in the number of sellers.
AR Token In The 4-hour Chart
AR token price action indicates the price approaching the support trendline 4-hour chart. Moreover, the recent rise in selling volume indicates a bearish attack. Thus, a fallout possibility of the support trendline is plausible.
In a bullish structure, the EMAs for the 4-hour technical Chart rise in a bullish structure. It could help protect the prices from a bearish attack. The price is also testing a 50-period EMA.
The RSI indicator predicts a surge in underlying bearish biases. As a result, RSI spikes lower on the daily charts.
The ADX indicator indicates a slight upward trend of momentum.
MACD indicators indicate that MACD and signal line is moving higher than the neutral area. Therefore, it indicates bullish momentum for the token price.
Conclusion – The short-term trend of the AR Coin is still bearish from a technical standpoint. However, the current chart of the coin price shows a positive outlook. Moreover, it may soon break the $65 mark. So, crypto traders can expect bullish opportunities while they wait until a genuine breakout is confirmed.
Support – $50 and $36
Resistance – $65 and $88
