AR / TetherUSAlış
TradeCityPro | AR : Resistance Levels and Potential for Recovery
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In this analysis, I want to review the AR coin for you. This coin specializes in data storage on the blockchain and has its own dedicated blockchain for this purpose.
📅 On the daily timeframe, after the price reached the resistance at 48.01, it entered a correction phase, dropping to 16.99 and even reaching 13.03. Along this decline, a descending trendline was formed. After buying volume entered the market and the trigger at 20.09 was broken, this trendline was also breached, and the price began to rise.
📈 Currently, after reaching the resistance at 28.85, the price underwent a deep correction, dropping in a single candle back to the area of 20.09. This type of correction is natural in a market with a sharp trend, and most of the time, prices quickly recover from such corrections.
🔑 However, looking at the charts of many altcoins, it is difficult to conclude that we are in a sharply bullish trend. For example, AR itself. The reference to this trend pertains to the overall market trend, with Bitcoin leading the market. Observing Bitcoin's chart shows a very strong bullish trend, and the behavior of altcoins tends to follow Bitcoin's.
✨ In the 45.20 zone, there is critical support on the RSI. As long as the RSI remains above this area and the price stays above the 20.09 zone, the momentum will remain bullish. If the RSI and price drop below these levels, the market momentum will reset.
🔽 For further corrections, the next support levels are 16.99, 13.03, and 10.92, respectively. However, if the price stabilizes above the 28.85 area, it could move toward targets of 37.06 and 48.01.
🚀 The 48.01 resistance is one of the strongest resistances for this coin. If it manages to break this level, the next target will be the resistance at 86.39, which is near the ATH.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the AR coin for you. This coin specializes in data storage on the blockchain and has its own dedicated blockchain for this purpose.
📅 On the daily timeframe, after the price reached the resistance at 48.01, it entered a correction phase, dropping to 16.99 and even reaching 13.03. Along this decline, a descending trendline was formed. After buying volume entered the market and the trigger at 20.09 was broken, this trendline was also breached, and the price began to rise.
📈 Currently, after reaching the resistance at 28.85, the price underwent a deep correction, dropping in a single candle back to the area of 20.09. This type of correction is natural in a market with a sharp trend, and most of the time, prices quickly recover from such corrections.
🔑 However, looking at the charts of many altcoins, it is difficult to conclude that we are in a sharply bullish trend. For example, AR itself. The reference to this trend pertains to the overall market trend, with Bitcoin leading the market. Observing Bitcoin's chart shows a very strong bullish trend, and the behavior of altcoins tends to follow Bitcoin's.
✨ In the 45.20 zone, there is critical support on the RSI. As long as the RSI remains above this area and the price stays above the 20.09 zone, the momentum will remain bullish. If the RSI and price drop below these levels, the market momentum will reset.
🔽 For further corrections, the next support levels are 16.99, 13.03, and 10.92, respectively. However, if the price stabilizes above the 28.85 area, it could move toward targets of 37.06 and 48.01.
🚀 The 48.01 resistance is one of the strongest resistances for this coin. If it manages to break this level, the next target will be the resistance at 86.39, which is near the ATH.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
Feragatname
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