bullish

World

Spike

Arweave

<p>Top analyst World of Charts updated his followers on X (formerly Twitter) about Arweave’s (AR) recent price action. He noted that the token has recently completed a breakout and retest, indicating potential bullish momentum.</p>
<p>However, the Arweave chart shared alongside the tweet highlights a descending wedge pattern, a commonly observed bullish reversal indicator, suggesting AR’s price could soon push toward $57.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/kaspa-kas-vs-sui-which-crypto-is-better-to-hold-right-now/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS) vs. SUI: Which Crypto Is Better to Hold Right Now?</a></em></strong></p>
<h2 class="wp-block-heading" id="arweave-chart-analysis-breakout-and-retest-confirmed">Arweave Chart Analysis: Breakout and Retest Confirmed</h2>
<p>The Arweave’s (AR) chart shows a descending wedge pattern. This pattern typically appears during downtrends, indicating a potential upward reversal once the price breaks above the upper trendline.<br><br>In this case, the breakout is confirmed as AR successfully moved above the wedge, breaking the previous resistance. Afterward, the asset retested the breakout level, which is now acting as support. According to the tweet, this successful retest sets the stage for a further price increase, with $57 being the target.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-1024x581.png" alt="" class="wp-image-562248" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-767x435.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-617x350.png 617w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-775.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source:<a href="https://x.com/WorldOfCharts1/status/1840646776010997914" target="_blank" rel="noopener noreferrer nofollow"> X/WorldOfCharts</a></em></strong>
 </figcaption>
</figure>
<p>The projected move to $57 represents a potential 156.29% gain from the breakout point. This target is derived from the height of the wedge pattern, which is applied to the breakout level. The technical setup has attracted attention, with many traders eyeing Arweave’s price next move.</p>
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<h2 class="wp-block-heading" id="arweave-ar-price-target-and-market-reaction">Arweave (AR) Price Target and Market Reaction</h2>
<p><a href="https://coinmarketcap.com/currencies/arweave/" target="_blank" rel="noopener noreferrer nofollow">The AR price </a>target of $57 is a key level to watch. If the token continues its bullish trajectory, traders may see gains that will significantly outperform the market. However, traders should also be mindful of broader market conditions, as these can impact AR’s price action.</p>
<p>While the AR chart suggests optimism, it’s essential for traders to remain cautious and consider external factors, such as overall market sentiment, that could influence price movements. Nevertheless, with the breakout confirmed, AR’s price remains on track for a potential push toward higher levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/key-bittensor-tao-metric-suggests-major-move-has-just-begun-analyst-points-to-next-price-target/" target="_blank" rel="noopener noreferrer nofollow">Key Bittensor (TAO) Metric Suggests Major Move Has Just Begun: Analyst Points to Next Price Target</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/arweave-ar-finally-breaks-out-156-price-spike-expected-heres-the-outlook/" rel="noopener noreferrer nofollow">Arweave (AR) Finally Breaks Out: 156% Price Spike Expected – Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Arweave (AR) Finally Breaks Out: 156% Price Spike Expected – Here’s the Outlook

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