Dacity Coin
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Injective
Celestia
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Pearl
- Arweave coin (AR) is currently trading at $5.20 with a minor decline of -2.37% in the past 24 hours.
- The Arweave coin decreased by -4.09% in the last 7 days.
- The AR market capitalization is $339836853.
By analyzing the price data of the AR coin, it is observed that it is in a downtrend. The price declined by -4.09% in the last seven days and we can say that the Arweave coin is performing well. It tanked -94.18% from its peak price of $89.24 in 12 months. The current market sentiments are not so good about AR. No huge volume is present for the Arweave coin. As of now, there is no buyer interested in buying the Arweave coin. Bears are dominating the market currently.
AR price is going through lows. In 2021, bulls took this coin up to $89, the price is just overvalued and goes down to the $5 support level. Here, investors lost more than 94% because of a sudden downfall.
Arweave Coin (AR) Technical Analysis
The price of the Arweave coin (AR) has slipped below 50 and 200 EMA, which suggests that the price is in a bearish trend. If the sellers continue to push the price down, the coin’s value may fall even further in the upcoming week. The bears are not in the mood to give power to bulls right now.
The MACD indicators are also in the negative zone. The MACD line at -0.49494897 and signal line at -0.56810741 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 39.38 points. The 14 SMA line is currently close to the median line, around 41.07 points which show neutral sentiment in the market. As the price is heading toward overbought territory, the market is experiencing bearish sentiment currently.
Trendline Analysis: The price has respected its significant trendline forming a downward channel-type pattern which suggests the price will go directly in the downward direction.
Volume Analysis: Arweave coin (AR)’s average trading volume for the last 24 hours is $5368961 showing a 0.10% increase in volume in one day. The lack of buying interest in the coin is the major reason behind the lower volume.
Technical Levels:
- Support – The current support level of (AR) is $4.446.
- Resistance –The current resistance level of (AR) is $7.3$.
Summary
Arweave coin (AR) is struggling in the market. Based on the price action, it appears that a price break of its primary trendline support level may lead to further price drops in the coming day. AR price shows a pessimistic situation at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about the Arweave coin. Due to the adverse performance of the AR coin, investors are afraid to invest in it. Arweave coin is not showing any recovery signs right now.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.
