In this Arweave technical analysis, we will examine the current price action, trading volume, key levels and indicators for AR-BTC. Arweave is a decentralized storage network that utilizes blockchain technology to provide secure and reliable data storage solutions. Its native cryptocurrency, AR, is used to incentivize miners to validate transactions and maintain the network. With Arweave, users can store and retrieve data in a decentralized manner, without relying on centralized authorities.
Arweave Price Overview:
As of May 07, 2024, Arweave is trading at approximately 0.00062 BTC. Let’s dive into the detailed price action for AR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00063 |
| High (H) | 0.00067 |
| Low (L) | 0.00062 |
| Close (C) | 0.00062 |
| Volume (C) | 19,579.80 |
- Open (O): The opening price for today’s trading session was approximately 0.00063 BTC.
- High (H): Arweave reached a daily high of around 0.00067 BTC.
- Low (L): The daily low for AR-BTC was approximately 0.00062 BTC.
- Close (C): At the time of analysis, Arweave is trading near its daily close of 0.00062 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.19% |
| 3D Change (%) | 10.60% |
| 7D Change (%) | 25.00% |
| 30D Change (%) | 27.38% |
| 90D Change (%) | 229.97% |
| YTD Change (%) | 173.41% |
Over the past three days, ARBTC has increased by approximately 10.60%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 25.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARBTC maintaining an upward trend of approximately 27.38%, despite intermittent fluctuations. Examining the last 90 days, ARBTC has witnessed substantial increase of approximately 229.97%, reflecting strong long-term confidence. Year-to-date, ARBTC has steadily increased by around 173.41%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Arweave Live Chart:
You can access a live price chart for AR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.29403.
- Momentum score is 0.616.
AR BTC Technical Analysis
Arweave Trading Volume:
The trading volume for Arweave (AR) over the past 24 hours has been insignificant, with approximately 19,579.80 BTC traded against AR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): AR is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Arweave is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AR-BTC is currently in the high zone, around 58.07879. This suggests that Arweave is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Arweave (AR-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Navigate Arweave’s (ARBTC) upward trajectory at 6.22e-04 BTC with bullish technical analysis, highlighting strong support and promising indicators.
Don’t overlook our detailed insights on AR USDT Arweave Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.