Arweave price analysis:- The bears are putting a huge pressure as the price nears the support

• The trading volume of AR Coin in the last 24-hour at the time of writing this article +4.38%
• The price of AR/BTC and AR/ETH at the time of writing this article is 0.0008362 BTC and 0.01187 ETH, respectively 
• The price is on the support where bulls and bears are giving each other a good fight

Long Term View:- 

In the daily chart time interval, we can see the price is near the support where the 20MA and 50MA are coming close to each other, which is a bearish sign, so let’s have a look at the technical indicator to see if the price will sustain in the support or a bearish trend is coming? 

First, we can see the MACD, which shows red histograms as the MACD line is below the signal line, but we can see the MACD line is changing its direction, which means the MACD can cross the signal line as a buy sign. In addition to that, the RSI is in the neutral zone near 49, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight. 

Lastly, we can see the Moving average as the 20MA is above the 50MA, but the lines are coming close to each other, so we can see them crossing, which will be a bearish sign. And both 20MA and 50MA are above 100MA.

Tradingview

Short term view:- 

In the 4-hour time interval, we can see the price is near the support, and the MACD is showing green histograms, which means the MACD line is above the signal line, but there is no change in the line’s direction. In addition to that, we can see the Moving average, which is 20MA is below the 50MA and 100MA. 

Also, the 50MA is below the 100MA, which is a bearish sign. Lastly, we can see the RSI, which is in a neutral zone near 52, and the RSI line is pointing towards the oversold zone of 30, which means the bears are winning the fight against the bulls.

Tradingview

Conclusion:- 

Looking at both long term and short term, we can see the price is near the support, and it will break the support, so the bearish trend will come as the bulls need a considerable volume to make the price sustain the support, but if the bulls fail to do that, then the bears will take the price down.

RESISTANCE:- $58,$64 

SUPPORT:-$46,$37