Cryptocurrency

Arweave

<ul>
 <li>Arweave's price surged by 20% in the past day compared to Bitcoin.</li>
 <li>Despite a bearish trend earlier in the week, <a href="https://www.coingabbar.com/en/crypto-currency/arweave-ar-prices-usd" title="AR token" class="f-link" rel="noopener noreferrer nofollow">AR token</a> exhibited a strong bullish reversal, signaling increased buying pressure.</li>
 <li>A long bullish candle formed on the daily chart yesterday, indicating significant buying pressure.</li>
 <li>The 50-day Exponential Moving Average (EMA) shows a bullish convergence, indicating a positive outlook for the altcoin this week.</li>
 <li>MACD shows a consistent green histogram, signaling a strong positive movement.</li>
 <li>The Relative Strength Index has just edged above the neutral 50-point mark.</li>
 <li>If the market sustains above $33.50, bulls may push for $38.00 and then $48.00 resistance levels.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Conversely, a trend reversal would lead to loss of bullish momentum, potentially causing Arweave to test its support level at $28.00, followed by $22.00.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $38.00-$48.00
SUPPORT LEVEL : $28.00-$22.00 <strike></strike> <strike> </strike>
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Arweave Price Prediction: Is AR Set to Smash Yearly Highs?

Coingabbar

Other articles published on May 3, 2024

Dogecoin price prediction – Here’s how long the $0.12 support will hold on

Meme Coins Surge: PEPE and BONK Show Robust Gains as Market Confidence Soars – Here’s Why

Arthur Hayes’ May Crypto Picks: Bitcoin- Ether- Solana- Dogecoin and More

Sealana – The Next 10x Solana Meme Coin Presale Goes Live

How to determine crypto cost basis for accurate tax filings

Bitcoin Transaction Investigation By DOJ Addressed By Block CEO Jack Dorsey: 'We Take Compliance ...

Join our free newsletter for daily crypto updates!