Arweave (AR) Price Analysis
The AR is currently at $35.097 and testing a support level at $35.414 and EMA100(RED) at $34.75. If the breaks down this level could lead to a more decline towards the next major support zone between $26.567 and $24.381. For a bullish scenario, If the price recovers and sustains above the EMA 55(BLUE) at $38.73, signaling a potential reversal and a path towards retesting the key resistance level at $48.116.
Traders should focus on price action and volume, as these will provide significant information about the market's next move, set clear stop-loss orders, and be prepared for higher volatility.
Traders should focus on price action and volume, as these will provide significant information about the market's next move, set clear stop-loss orders, and be prepared for higher volatility.
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