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Arweave

The post <a href="https://coinpedia.org/price-analysis/failed-breakout-in-ar-price-tests-50d-ema-is-a-fall-imminent/">Failed Breakout in AR Price Tests 50D EMA: Is A Fall Imminent?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
A bearish pullback in the <a href="https://markets.coinpedia.org/arweave/" target="_blank" rel="noreferrer noopener">AR price</a> trend during the market recovery reveals an underlying weakness in Arweave. The downfall in the altcoin fails to surpass the $50 psychological milestone as the bearish takeover cracks under $40. 
Will the downtrend continue in the Arweave token price for a break under the 50D EMA? Will the altcoin price manage to regain bullish momentum to reclaim $50? Find out more in our <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" target="_blank" rel="noreferrer noopener">AR price prediction</a>.&nbsp; 
<h2 class="wp-block-heading" id="h-ar-price-performance">AR Price Performance</h2> 
The daily price chart highlights the failed bullish attempt to surpass $50 with the $42 zone breakout. With a brawl at $48, the higher price rejections reveal a strong overhead supply, resulting in a bearish turnaround.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/LxeJfpl1Yae8q1tg7XRv55gmJ4abo0WQs18mRpe4HFvat3hDXOTCysz97Qk5U3BN3mm6N1WlT5DkYA1wu-3IPqRHA1lDSDPm-32XsXxdw1ODnz-kIrhq6weC807nZR12ouO28LjiMuryjdnlUp8dHHQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/YAqpvRZ6/">Tradingview</a> 
With massive bearish candles cracking under crucial resistance turned support zone $42, the dynamic support of 50D EMA is under test. As the average line leads to consolidation, the rising supply warns of a downfall in the altcoin prices.&nbsp; 
Currently, the AR price trades at $37.36 with an intraday fall of 4.31%, cracking under the average line. Further, the bearish engulfing candle with the higher price rejection warns of an extended downfall.&nbsp; 
Technical indicators: 
RSI: As the AR price consolidates at the 50D EMA, the daily RSI line shows a sideline trend near the halfway line.&nbsp; 
<h2 class="wp-block-heading" id="h-will-arweave-token-price-hit-50">Will Arweave Token Price Hit $50?</h2> 
With the bearish candle cracking under the 50D EMA, the chances of a bullish recovery in the AR price trend are slim. Further, as per the trend-based Fibonacci level, the breakdown under the 50% level at $42 might halt at the 38.20% Fib level at $33. 
Optimistically, a bullish turnaround from the 50D EMA or the $33 support, the altcoin price could surpass $42 for another challenge to the $50 milestone.&nbsp; 
Also Check Out : <a href="https://coinpedia.org/price-analysis/1inch-network-surges-15-this-week-will-1inch-price-hit-0-5-this-week/">1inch Network Surges 15% This Week! Will 1INCH Price Hit $0.5 This Week?</a>

Failed Breakout in AR Price Tests 50D EMA: Is A Fall Imminent?

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