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Arweave

<p>Arweave (AR) and Bitcoin Cash (BCH) are presenting unique trading patterns, indicating potential market shifts. While AR displays a mix of bullish and bearish signals, BCH stabilizes, offering a possible buying opportunity.</p>
<h2 class="wp-block-heading" id="strong-arweave-ar-bullish-and-bearish-patterns-strong"><strong>Arweave (AR): Bullish and Bearish Patterns</strong></h2>
<p>Arweave (AR), <a href="https://www.tradingview.com/chart/ARUSD/8tCZeEUQ-Inverted-H-S-In-AR-Price-Eyes-65/" target="_blank" rel="noopener noreferrer nofollow">according to Coinpedia’s analysis</a>, currently displays a mix of bullish and bearish signals. On the daily chart, an inverted head and shoulders pattern suggests a potential upward trend. This pattern, combined with a morning star formation and bullish engulfing candle at $40.72, indicates strong buying pressure and a possible rally.&nbsp;&nbsp;</p>
<p>Despite this, the weekly chart warns of a double top formation, a bearish signal that could lead to pullbacks. Breaking the $44 neckline is crucial for AR to sustain its bullish trajectory, potentially reaching $100 in 2024. Additionally, surpassing the $50 psychological pivot is vital for confirming the bullish trend and testing higher resistance levels.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="358" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-1024x358.png" alt="" class="wp-image-491649" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-1024x358.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-300x105.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-768x268.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-1536x536.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-2048x715.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-430x150.png 430w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-100x35.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-1002x350.png 1002w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450-788x275.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-450.png 1223w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>However, the bearish weekly chart introduces caution, with a potential downside towards $30 if momentum falters. This high-stakes environment requires careful risk management due to contrasting patterns and high volatility.</p>
<p>According to CoinGecko, the current price of Arweave (AR) is <a href="https://www.coingecko.com/en/coins/arweave" target="_blank" rel="noopener noreferrer nofollow">$43.74,</a> representing a 6.75% uptick in the last 24 hours and a 10.62% increase in the past 7 days. This price is just below the $44 level, which if surpassed, could see the token surge even further.</p>
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<h2 class="wp-block-heading" id="strong-bch-s-bullish-potential-strong"><strong>BCH’s Bullish Potential</strong></h2>
<p><a href="https://www.tradingview.com/chart/BCHUSD/9grvVkuk-BCH-Eyes-1000-This-Year-With-A-Reversal-At-400/" target="_blank" rel="noopener noreferrer nofollow">Coinpedia’s analysis</a> of Bitcoin Cash revealed that BCH was experiencing a period of sideways consolidation around $400, indicating market indecision. However, technical signals suggested a possible bullish resurgence.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/byFRjXf0aFgsP14cWlFnDdMoM_Oj98hY2fJH_Ji0kpdMGPyCQmopNNpD1gskvGWYsJ1p25VzGOrYVJXiryfQwfBbTbISkbFdzS1Eye-6_nE7Kv0u-cZv77EIM4hL9hj1NCOZ2f_0gM7h4HMQZ7_a3Vw" alt="">
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<p>BCH’s price had reversed from the 50% Fibonacci level to test the 23.60% level, highlighting key technical thresholds. Despite bearish pressures, an intraday recovery of 0.77% showed a slowdown in bearish momentum, setting the stage for a rebound.</p>
<p>The expected golden crossover between the 50 and 200 weekly EMAs could boost bullish sentiment. Additionally, the RSI pulling back from the overbought territory while staying above the mid-line suggests easing selling pressure.&nbsp;</p>
<p>The proximity to the $400 level, coupled with the 23.60% Fibonacci level, forms a strong support confluence, enhancing the chances of a bullish trajectory. However, a breach below $400 could lead to a retest of lower support around $250, adding a note of caution.</p>
<p>Bitcoin Cash, at press time, trades at $457.41, showing a 6.27% and a 1.93% rise over the past day and week, respectively. This means that that token has already rebounded.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/crypto-analyst-explains-why-he-sold-all-his-bitcoin-btc-and-is-now-fully-invested-in-these-altcoins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Crypto Analyst Explains Why He Sold All His Bitcoin (BTC) and Is Now Fully Invested in These Altcoins</em></strong></a></p>
<p>Arweave (AR) presents a mix of bullish and bearish signals, with upside potential if key resistance levels are breached. Conversely, Bitcoin Cash (BCH) market trends show potential for a bullish momentum.</p>
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<p>The post <a href="https://captainaltcoin.com/arweave-ar-shows-bullish-patterns-with-a-twist-bitcoin-cash-bch-eyes-continued-price-upswing-watch-these-key-levels/" rel="noopener noreferrer nofollow">Arweave (AR) Shows Bullish Patterns—With a Twist; Bitcoin Cash (BCH) Eyes Continued Price Upswing: Watch These Key Levels</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Arweave (AR) Shows Bullish Patterns—With a Twist; Bitcoin Cash (BCH) Eyes Continued Price Upswing: Watch These Key Levels

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