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- Arweave price prediction suggests the consolidation phase of AR crypto inside the descending triangle pattern over the daily price chart.
- AR crypto is trading at 20 EMA but still below 50, 100 and 200-days Daily Moving Average.
- The pair of AR/BTC is at 0.0005237 BTC with an intraday gain of 0.15%.
According to the Arweave price prediction, the token will be contained inside the descending triangle formation visible over the daily price chart. To move above the daily price chart, the AR coin must ascend out of its current state. Before AR investors can get involved, the token must wait till it exits the consolidation state and breaks out of the falling triangular pattern. The price of Arweave experienced a thrilling roller coaster during the course of the daily price chart, at first failing to break out of the descending triangle pattern and remaining trapped in the consolidation phase. After recovering, the token was able to go past the consolidation phase, but it was soon lured back into the falling triangle pattern.
Arweave’s estimated current price is $9.39, and in the previous day, it lost 0.71% of its value. Trading volume has dropped by 17.79% during intraday trading. This shows that buyers are waiting for a dip before selling AR cryptocurrency.
According to Arweave price prediction, the daily price chart for AR crypto shows a price decline in a descending triangle formation. The AR cryptocurrency’s daily chart shows an amazing roller coaster journey. To escape the falling triangle pattern, AR must increase the volume change, which is now below average and must be raised.
Will Arweave Price Escape the Descending Pattern?
The AR cryptocurrency is moving sideways, according to technical indications. The AR consolidation period is shown by the Relative Strength Index. The RSI is attempting to exit neutrality at 48. The MACD displays the decreasing velocity of the AR during the consolidation phase. The MACD line is lower than the signal line following a negative crossover. The price of the token needs to move closer to the upper range before investors in AR can buy.
Conclusion
According to the Arweave price prediction, the token will be contained inside the descending triangle formation visible over the daily price chart. To move above the daily price chart, the AR coin must ascend out of its current state. Before AR investors can get involved, the token must wait till it exits the consolidation state and breaks out of the falling triangular pattern. To escape the falling triangle pattern, AR must increase the volume change, which is now below average and must be raised. The MACD line is lower than the signal line following a negative crossover. The price of the token needs to move closer to the upper range before investors in AR can buy.
Technical Levels
Support Levels: $7.65 and $6.00
Resistance Levels: $10.00 and $11.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
