What Does Arweave (AR) Price Highlights?

29 jul

The Arweave (AR) price has displayed its price activity move in the wedge for nearly 152 days straight.

Previously, the price had presented 4 attempts to move past the channel's upper boundary and the resistance zone of $46.10-$49.10. However, it failed and dropped to the lower border of the channel, at the $25.10-$20.10 support zone.

However, a bullish spell was induced in resonance with the broader market, and from July 5th onwards, the AR price advanced once again for the channels' upper border.

Indicators-wise, the EMA bands support the price, MACD showed a histogram at 0.2528, and the RSI was at 60.11.

Therefore, if the momentum continues, the price could Advance higher, while hurdles could be present at $35.10 and $39.10, respectively.

However, the slippage of gains would change the tides, and the price could drive towards supports at $25.10 and $20.10, respectively.