Future

2024

Million

Resistance

Arweave

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Arweave asset is expressing bearish behavior and has the tendency to plunge further soon as it has already declined 14.66% this week.&nbsp;</a></li>
 <li><span>2</span> <a>There has been an OI decline in recent sessions and its most recent sessions currently stand at 60.0 million.</a></li>
</ul>
<p>The Arweave price had been consolidating before the first week of February 2024 and got the speed in its price growth from the second week of February 2024.</p>
<p>The price surged by breaching multiple resistance areas in the uptrend, like $10.0 and $25 swiftly. But, this uptrend was violated after reaching a high of $47 and the crypto demonstrated a decline as the AR price sank from around $47 on the chart.</p>
<p>The Arweave crypto has started declining and it is close to a big fall barely surviving the current height, With more push from the seller’s side from the resistance level, the price could dive to new lows.</p>
<h2 class="wp-block-heading" id="strong-arweave-price-indicator-suggesting-southward-direction-strong"><strong>Arweave Price Indicator Suggesting Southward Direction</strong></h2>
<p>The Arweave asset is displaying bearishness and falling tendency as it plunges below the major 20-Day trend EMA band, reliant on the sellers’ surge, it could consume dynamic support and decline.</p>
<p>On the overall observation on the daily chart, the AR asset is displaying bearish characteristics as MACD is showing a bearish cross with a falling histogram atv -1.526, and the RSI is falling smoothly after taking a rejection from the 14-Day SMA, implying that Arweave asset is losing momentum and could go to new lows.</p>
<p>It has attained good performance in the earlier session in the last month, and three months, by 170.33%, and 245.13% respectively. Currently, the Arweave asset is expressing bearish behavior and is likely to plunge further. It has already declined 14.66% this week.&nbsp;</p>
<p>At the time of writing, the AR token price is at $32.85 with an intraday surge of 5.62% on the daily chart, the twenty-four hours trading volume on all tradeable exchanges platforms is 107.33 Million, and the market capitalization is $2.12 Billion.</p>
<h2 class="wp-block-heading" id="strong-arweave-price-future-forecast-strong"><strong>Arweave Price Future Forecast</strong></h2>
<p>According to the price action if the AR token price fails the immediate level, the nearest support would be $25, and breaching this would lead the price downwards up to the next major support and that would be $16.0. But, if it somehow manages to revive from the immediate level then it could return for the reclaiming upper levels at $40.0, and breaching that would lead the next target up to $47.0, and beyond this resistance the door will widen for more future growth.</p> 
<p><a href="https://in.tradingview.com/chart/ARUSD/JWdedfqd-The-Arweave-asset-is-displaying-bearishness/" rel="noopener noreferrer nofollow">The Arweave asset is displaying bearishness</a> by <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow">Sam_TCR</a> on <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a></p> 
<h2 class="wp-block-heading" id="strong-arweave-oi-study-along-with-volume-social-dominance-and-development-strong"><strong>Arweave OI Study Along With Volume, Social Dominance, And Development</strong></h2>
<p>The OI data shows the Total number of open contracts in the&nbsp; Arweave Crypto. The OI data analysis saw a continuous advance in the number of OI contracts up to March 9th, 2024. However, there has been an OI decline in recent sessions and its most recent sessions currently stand at 60.0 million. This suggests that the AR crypto has the potential for a decline in future sessions.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (AR), Total Open Interest in USD (AR), Volume (AR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=arweave&amp;pt=AR&amp;df=2023-09-20T18%3A29%3A59.407Z&amp;dt=2024-03-20T18%3A29%3A59.407Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Btotal_open_interest%3Bvolume_usd&amp;wax=0%3B1%3B2&amp;wc=%2326C953%3B%23FF5B5B%3B%23D2D6E7&amp;ws=%3B%3B" scrolling="no"></iframe>
<p>Moreover, the <a href="https://www.thecoinrepublic.com/2023/09/19/arweave-price-prediction-will-ar-crypto-escape-consolidation/" target="_blank" rel="noopener noreferrer nofollow">Arweave crypto</a> noted a significant and continuous decline in the volume inflow in the last few weeks along with the price decline. The average volume has declined from $640 Million to the current volume inflow of nearly $122 Million volume.&nbsp;</p>
<p>In addition, the development activity in AR tokens has seamlessly declined and social dominance is also reflecting poor activity among users on social platforms.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (AR), Social Dominance (AR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=arweave&amp;pt=AR&amp;df=2023-09-20T18%3A29%3A59.407Z&amp;dt=2024-03-20T18%3A29%3A59.407Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Arweave (AR) experienced a significant price increase starting from the second week of February 2024, breaking through resistance levels at $10 and $25, and reaching a peak of $47. However, the trend reversed, and AR began to decline, showing bearish signs such as falling below the 20-Day EMA, displaying a bearish MACD, and the RSI also indicating a loss of momentum.</p>
<p>Despite previous gains of 170.33% and 245.13% over the last month and three months, AR has declined by 14.66% this week. Currently, AR is trading at $32.85, with a 24-hour volume of $107.33 million and a market cap of $2.12 Billion.</p>
<p>If AR fails to hold the immediate support level, it could fall to $25, and further decline to $16. Conversely, a recovery could see AR aiming for $40 and potentially $47.&nbsp;</p>
<p>Open Interest (OI) data shows a decrease in contracts, hinting at a possible future decline. Additionally, trading volume has decreased significantly, and there’s a noted drop in development activity and social engagement. Overall, AR shows potential for further decline but also has the capacity for recovery if it maintains key support levels.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $25</p>
<p><strong>Resistance Levels</strong>: $40</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Arweave Volume & OI Giving Bearish Hints, Sharp Dip Ahead?

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Thecoinrepublic.com

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