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 storage network that utilizes blockchain technology to provide secure and reliable data storage solutions. Its native cryptocurrency, AR, powers the network and incentivizes users to contribute excess hard drive space for storing data. With Arweave, users can store and retrieve data without relying on centralized authorities, ensuring a more democratic and resilient web.
Arweave Price Overview:
As of May 13, 2024, Arweave is trading at approximately 38.985 USDT. Let’s dive into the detailed price action for AR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 41.916 |
| High (H) | 42.617 |
| Low (L) | 37.423 |
| Close (C) | 38.985 |
| Volume (C) | 1,372,517.77 |
- Open (O): The opening price for today’s trading session was approximately 41.916 USDT.
- High (H): Arweave reached a daily high of around 42.617 USDT.
- Low (L): The daily low for AR-USDT was approximately 37.423 USDT.
- Close (C): At the time of analysis, Arweave is trading near its daily close of 38.985 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -6.97% |
| 3D Change (%) | -6.16% |
| 7D Change (%) | -2.00% |
| 30D Change (%) | 49.93% |
| 90D Change (%) | 309.42% |
| YTD Change (%) | 304.37% |
Over the past three days, ARUSDT has dropped by approximately -6.16%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARUSDT maintaining an upward trend of approximately 49.93%, despite intermittent fluctuations. Examining the last 90 days, ARUSDT has witnessed substantial increase of approximately 309.42%, reflecting strong long-term confidence. Year-to-date, ARUSDT has steadily appreciated by around 304.37%, 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 1.38075.
- Momentum score is 0.10511.
AR USDT Technical Analysis
Arweave Trading Volume:
The trading volume for Arweave (AR) over the past 24 hours has been significant, with approximately 1,372,517.77 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 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-USDT is currently in the neutral zone, around 54.94896. 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 bullish 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.
Navigate Arweave’s (ARUSDT) potential downturns at 38.98 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on AR BTC 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.