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 01, 2024, Arweave is trading at approximately 0.00047 BTC. Let’s dive into the detailed price action for AR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0005 |
| High (H) | 0.00051 |
| Low (L) | 0.00046 |
| Close (C) | 0.00047 |
| Volume (C) | 33,048.91 |
- Open (O): The opening price for today’s trading session was approximately 0.0005 BTC.
- High (H): Arweave reached a daily high of around 0.00051 BTC.
- Low (L): The daily low for AR-BTC was approximately 0.00046 BTC.
- Close (C): At the time of analysis, Arweave is trading near its daily close of 0.00047 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.53% |
| 3D Change (%) | -17.35% |
| 7D Change (%) | -8.33% |
| 30D Change (%) | -9.07% |
| 90D Change (%) | 140.34% |
| YTD Change (%) | 106.64% |
Over the past three days, ARBTC has decreased by approximately -17.35%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -8.33%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARBTC maintaining a downward trend of approximately -9.07%, despite intermittent fluctuations. Examining the last 90 days, ARBTC has witnessed substantial increase of approximately 140.34%, reflecting strong long-term confidence. Year-to-date, ARBTC has steadily appreciated by around 106.64%, 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 1.3538.
- Momentum score is 0.06406.
AR BTC Technical Analysis
Arweave Trading Volume:
The trading volume for Arweave (AR) over the past 24 hours has been significant, with approximately 33,048.91 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Arweave is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AR-BTC is currently in the neutral zone, around 50.23828. This suggests that Arweave is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Arweave (AR-BTC) is currently exhibiting signs of short-term bearish 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Navigate challenges in realm of Arweave (ARBTC) at 4.70e-04 BTC with technical analysis pointing to bearish outlook and potential downturns.
Take the next step in your exploration by delving into our detailed insights on AR USDT Arweave Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.