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 July 08, 2024, Arweave is trading at approximately 22.594 USDT. Let’s dive into the detailed price action for AR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 21.779 |
| High (H) | 23.574 |
| Low (L) | 20.678 |
| Close (C) | 22.594 |
| Volume (C) | 594,358.79 |
- Open (O): The opening price for today’s trading session was approximately 21.779 USDT.
- High (H): Arweave reached a daily high of around 23.574 USDT.
- Low (L): The daily low for AR-USDT was approximately 20.678 USDT.
- Close (C): At the time of analysis, Arweave is trading near its daily close of 22.594 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.81% |
| 3D Change (%) | 1.23% |
| 7D Change (%) | -20.29% |
| 30D Change (%) | -38.59% |
| 90D Change (%) | -29.16% |
| YTD Change (%) | 134.35% |
Over the past three days, ARUSDT has risen by approximately 1.23%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -20.29%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARUSDT maintaining a downward trend of approximately -38.59%, despite intermittent fluctuations. Examining the last 90 days, ARUSDT has witnessed substantial fall of approximately -29.16%, reflecting strong long-term confidence. Year-to-date, ARUSDT has steadily increased by around 134.35%, 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 0.92542.
- Momentum score is -0.14875.
AR USDT Technical Analysis
Arweave Trading Volume:
The trading volume for Arweave (AR) over the past 24 hours has been insignificant, with approximately 594,358.79 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 low zone, around 40.41496. This suggests that Arweave is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Arweave’s (ARUSDT) potential challenges at 22.59 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Take your understanding to the next level with our extensive analysis of AR BTC Arweave Technical Analysis; if you enjoyed this post, you’re in for a treat!
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.