- AR Token had broken out of a range in which it had been trading for the last five months
- The coin is making attempts to get back in the zone of $ 40 and $ 75
- The coin has been on a bullish momentum over the current trading week
AR Token has been trading in the zone between $ 40 and $ 75 over the last five months. The coin has formed a strong resistance zone at the $ 75 zone and strong support at the $ 40 zone. The coin made a break out from the zone during the last trading week. However, the coin has made a bullish reversal immediately after the breakout and is looking to get back into its earlier trading zone. The overall volumes for the token have not seen any significant change, if not, they have only declined on average. The next support zone for the token lies at $ 28.00.
AR Token has been trading in ranges over this month. The coin has broken the short-term resistance at $ 34.70 and is headed for the next resistance at $ 39.10. The coin was trading in the zone between $ 27.70 and $ 34.70 during the larger part of the last trading week. The resistance 2 level lies at $ 45.50 for the token. The volumes over the last few days have seen heavy trading during select hours spread across the week. The coin looks to continue its bullish momentum in the current zone over the next trading hours.
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Conclusion:
AR Token has taken support at $ 27.70 and is making attempts to get back into the range it had been trading in for the last five months. If the coin is able to sustain the momentum over the next couple of days the coin may be headed for the level of $ 75.
Support: $ 27.70 and $ 23.40
Resistance: $ 39 and $ 46
DISCLAIMER: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
