In this Arweave technical analysis, we will examine the current price action, trading volume, key levels and indicators for AR-USDT. Arweave is a decentralized platform that utilizes blockchain technology to create a permanent, tamper-proof record of data. This cryptocurrency allows for the creation and management of decentralized applications (dApps) and smart contracts, providing a secure and transparent way for users to interact with these applications. Arweave’s unique architecture ensures that data stored on the platform is both durable and easily accessible, making it an attractive option for businesses and individuals looking to create long-term data storage solutions.
Arweave Price Overview:
As of October 02, 2023, Arweave is trading at approximately 4.27 USDT. Let’s dive into the detailed price action for AR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.44 |
| High (H) | 4.48 |
| Low (L) | 4.18 |
| Close (C) | 4.27 |
| Volume (C) | 321,255.07 |
- Open (O): The opening price for today’s trading session was approximately 4.44 USDT.
- High (H): Arweave reached a daily high of around 4.48 USDT.
- Low (L): The daily low for AR-USDT was approximately 4.18 USDT.
- Close (C): At the time of analysis, Arweave is trading near its daily close of 4.27 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.61% |
| 3D Change (%) | 0.95% |
| 7D Change (%) | 3.89% |
| 30D Change (%) | 3.14% |
| 90D Change (%) | -28.83% |
| YTD Change (%) | -30.91% |
Over the past three days, ARUSDT has risen by approximately 0.95%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.89%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARUSDT maintaining an upward trend of approximately 3.14%, despite intermittent fluctuations. Examining the last 90 days, ARUSDT has witnessed substantial drop of approximately -28.83%, reflecting strong long-term confidence. Year-to-date, ARUSDT has steadily depreciated by around -30.91%, 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-USDT 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 0.48419.
- Momentum score is 0.0314.
AR USDT Technical Analysis
Arweave Trading Volume:
The trading volume for Arweave (AR) over the past 24 hours has been significant, with approximately 321,255.07 USDT 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-USDT is currently in the neutral zone, around 45.94945. This suggests that Arweave is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Arweave (AR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
