- The AR coin manages to stay above 55-EMA during intraday.
- The 24-hour trading volume is at $59.905 million.
- AR/BTC pair is trading positive by 5.2% at 0.00085017 BTC.
On the daily chart of AR coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price is floating above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in AR.
Trading volume (102.139 K) is low to the 20-day moving average (490.212 K). The volume is low, so the cost is struggling. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
AR Coin Price Action Rejects Going Back To The Demand Zone
AR coin daily technical chart and price trend show a downtrend. Based on the price action, the supply zone is located at 65- 70 USDT. On the other hand, the demand zone to look for is 35- 40 USDT. Therefore, the chart shows a bearish harami candlestick pattern during the day.
The RSI indicator gave a signal (bearish) with 50, projecting a sell signal in the currency for the short-term. Investors can observe a declined slope from 74 to 50 on the index. It can plunge in future trading sessions.
The MACD indicator gives (bearish) cross over the signal line on October 13, demonstrating a sell signal in the coin. Additionally, Investors can see the red bars on the Histogram index.
Conclusion
Today Arweave is valued at $ 54.09 with a 24-hour trading volume of $ 59,905,664. The price of AR has increased 5.2% in the past 24 hours. The working stock is 50 million and the total stock is 64.6 million AR coins.
The RSI and MACD point to a sell signal, and the traders have prompted low volume. In fact, the cost was rejected from the supply zone and may gradually head towards the demand zone. Likewise, the general market outlook is that this pattern will continue to plunge over the next few trading days.
Resistance Level: $65- $70
Support Level: $35- $40