Arweave

The post <a href="https://coinpedia.org/price-analysis/contrasting-ar-price-patterns-warns-sharper-moves-ahead/" rel="noopener noreferrer nofollow">Contrasting AR Price Patterns Warns Sharper Moves Ahead!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the altcoins awaiting a boost in a bullish trend, the underlying shift in sentiments results in interesting price patterns. The AR price action shows a bullish trend continuation in the daily chart, but the weekly chart contradicts it.&nbsp;
Will the short-term reversal and the growing demand overcome the fate of the weekly chart? Can AR prices give a breakout rally to reach $100 this year? Find out more in our <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">AR price prediction</a>, which suggests a prolonged uptrend.&nbsp;
<h2 class="wp-block-heading" id="h-arweave-price-performance">Arweave Price Performance</h2>
With a morning star pattern to halt the sudden drop, the AR price shows an intraday growth of 3.94%. This increases the possibility of Arweave surpassing the neckline at $44 for a breakout rally.&nbsp;Hence, the sideline traders are eagerly waiting for a boost in this altcoin for a breakout entry opportunity.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/iVtDCPEU51JQR4Xbgt0BYah0s1ddXSLJ1GOk6iqkpJNaDfetTGVb-fXEX-RWh_-_Qg9oomheaFFp57XM6fxuyZUEt5jFxqfSpPZ8z5pWVfNgcUoJFZ71lNSAHXbfFGwnICxwgURJgQmgbNuP2Sy5mYA" alt="">
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<a href="https://www.tradingview.com/x/dIU6LEAF/" rel="noopener noreferrer nofollow">Tradingview</a>
The inverted head and shoulder breakout rally will prolong the bull run in the altcoin prices to reclaim the psychological mark of $50. Currently, the AR price trades at $40.72 with a bullish engulfing candle under formation.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/2v6LYXidKEjcEijzsNUwsZ4JxOvq-EwU0H3VV-5HmMY15n_CpnNnhJrO6CSrS1YiGFF_5Gtd8k9gSzRGay0pvMae5sDC000OonFNXJB5GbIV50gN1Q6bUFyOBwFtzaKLNgMuKbkN_hoLvZMIckNoEXg" alt="">
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However, the weekly chart depicts a bearish price trend at play, warning a double top reversal. As the AR price struggles near $50, a reversal could plunge the altcoin under $30.&nbsp;
Technical indicators:
RSI: The daily RSI line shows an upward journey approaching the overbought zone, reflecting growth in underlying demand.
EMA: The crucial 50D and 200D EMA maintain a positive track record to provide dynamic support for the altcoin.
<h2 class="wp-block-heading" id="h-will-the-ar-price-cross-50">Will The AR Price Cross $50?</h2>
As the altcoin forms a bullish candle, the bull run possibility in the Arweave price trend is increasing. Hence, the AR price could skyrocket beyond the $44 resistance zone this week to reach $50. Optimistically, an uptrend continuation could test $65.
However, for a prolonged uptrend, the altcoin must sustain above $50 this week. Otherwise, the crypto price could drop down to $30.

Contrasting AR Price Patterns Warns Sharper Moves Ahead!

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