NEAR Protocol
Bitcoin
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Pearl
- AR coin is ranked as #101 as per the market cap.
- The AR coin has a maximum supply of 66,000,000 AR.
- AR (AR) has a market cap of $264.1 Million.
Arweave (AR) coin price chart is displaying negative momentum at press time. The price of AR is forming a lower-low pattern. The price of the AR coin is creating a strong bearish pattern.
Financial Data of Arweave (AR)
As of September 9, 2023, AR is trading at $4.03, showing a decrease of 2.39% in its price. The current market cap for the coin is $264.15 million, and when considering potential future supply, the fully diluted market cap reaches $271,201,436.
The Open Interest (OI) for Arweave stands at $6.94 Million, and it has experienced a decline of 9.56% in the recent market session. The coin’s average trading volume is around $16.81 million, which has decreased by 3.56%.
Arweave maximum supply is 66,000,000 AR, and the total circulating supply is 65,454,185 AR. The volume/market cap ratio for Arweave is 0.02, indicating the trading volume relative to its market capitalization.
The Arweave reached its all-time high of $90.94 on November 5, 2021. Currently, the price of AR is trading 95.5% below its high.
The price of AR fell 63.3% in just one year. This indicates that the price is moving within the descending triangle pattern. The price is likely to break the support level and make fresh lows.
The technical summary indicator is giving negative signals for Arweave (AR). Out of the total 26 indicators, the majority of them are displaying a downtrend momentum.
AR Technical Analysis
The AR coin is trading below the 50-day and 100-day EMA levels. This is a negative sign for the price and a further price decline is possible.
The MACD line is trading below the signal line for Arweave coin. Red bars on the histogram may appear soon.
Conclusion
The analysis shows that the price of Arweave (AR) coins is in a downtrend. The volume of AR coins is also decreasing. The price of the coin declined by almost 63% in one year. The overall structure of the coin is weak and the indicators are giving weak signals. Hence the price is likely to decline in the future.
Technical Levels
- Support Level: $1.0
- Resistance Level: $2.5
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
