Arweave

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<p>The post <a href="https://coinpedia.org/price-analysis/arweave-ar-price-surges-23-today-eyes-to-hit-50-in-may/">Arweave (AR) Price Surges 23% Today! Eyes To Hit $50 In May?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Arweave (AR) token has successfully outperformed major crypto tokens by displaying a significant uptrend since the year started. Moreover, this altcoin has secured a spot in the top 5 gainers list this year, indicating a bullish price action for the altcoin during the upcoming months.</p> 
<p>Moreover, the <a href="https://coinpedia.org/price-prediction/arweave-ar-price-prediction/">Arweave price</a> has recorded a jump of 22.27% within the past day, making it the top gainer among the top 100 cryptocurrencies by market cap. With the rising bullish sentiments in the crypto space, will AR token record a new yearly high this month?</p> 
<h2 class="wp-block-heading" id="h-ar-coin-price-displays-a-bullish-rebound">AR Coin Price Displays A Bullish Rebound:</h2> 
<p>After trading under a bearish influence since the week’s start, the AR token has displayed a strong bullish reversal in the chart, indicating an increase in the buying pressure within the crypto industry. Moreover, the EMA 50-day records a bullish convergence, suggesting a positive outlook for the altcoin this week.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/cE4wfxKCRO7l-Bb2VMLOY0B0OK88zvCotBEvyWeMbRXp8ZDNMUUwiEk1cGXmQOkvatVzt0388l9hWUsQhb0A4jxonI9M_ouVud_X_L7xpChiXHUZJleKZmZszQ9MXps5JM3uxI_yWbV_nXgcVmeLlX0" alt="AR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: AR/USDT
 </figcaption>
</figure> 
<p>Despite recording a neutral trend by adding less than 2% over the past 30 days, the Arweave (AR) price has displayed a strong bullish price action since the year started as its Year-to-Date (YTD) return stands at 257.55% at the time of writing.</p> 
<p>The technical indicator, MACD, displays a constant green histogram, indicating a strong positive influence in the crypto space. Moreover, the averages show a bullish jump, suggesting the <a href="https://markets.coinpedia.org/arweave/">AR token</a> will continue gaining value in the coming time.</p> 
<h2 class="wp-block-heading" id="h-will-arweave-price-continue-rising">Will Arweave Price Continue Rising?</h2> 
<p>If the market holds the price above the support level of $32.285, the bulls will regain momentum and prepare to test its resistance level of $39.225 this week. Moreover, if the bulls maintain the price at that level, it will set the stage for the AR price to attempt to test its upper high of $45.250 this month.</p> 
<p>Conversely, if a trend reversal occurs, the bulls will lose momentum, and the Arweave token will fall to test its support level of $32.285. Furthermore, if the bears continue to dominate the market, it will plunge and fall to test its lower support level of $24.675.</p>

Arweave (AR) Price Surges 23% Today! Eyes To Hit $50 In May?

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