Arweave (AR) Rallies By Over 60%; Levels To Watch For Price Continuation
AR’s price shows much strength after breaking out from its long downtrend movement. AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27. AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Arweave (AR) price showed some great price action as the price rallied from its weekly low of $8 as the price fell from a high of $90 in recent months. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great....
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The extent to which today's action is representative of what's going on fundamentally in the bitcoin space is unclear - but one thing we do know is that after yesterday's gains in the bitcoin price, we expected some continuation of the trend. In this morning's bitcoin price watch piece, we outlined the levels we would be looking at to try and get in and take advantage of any such continuation. However, during Wednesday's session, the bitcoin price has remained relatively stable. We tested support a few times a little earlier on this afternoon, but with no candlestick closes outside of our....
ArDrive lets users pay a fee once, depending on the price of Arweave tokens, and have their files live forever on the web.
After yesterday’s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces Related Reading: Arweave (AR) Rallies By Over 60%; Levels To Watch For Price Continuation At the time of writing, the Ethereum price trades at $1,540 with a 2% profit in 24 hours and a 2% loss in the previous seven days. Other cryptocurrencies in the top crypto top 10 by market capitalization follow this trend, but the majority record positive....
Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session.
Biggest gainers
Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period.
To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process.
This comes as the decentralized storage network rose by 44% in the last 7-days, as it continues to move towards the....
A little earlier on today, in our morning bitcoin price watch piece, we noted that the overarching momentum in the bitcoin price was to the downside, and that we would incorporate this into our intraday breakout strategy as we headed into a fresh week's trading today. Action has now matured, and we have seen a continuation of the trend, as expected. However, pre-decline, we got a little bit of upside momentum, and this put us in a long entry according to our predefined entry levels (outlined earlier here). Unfortunately, we were quickly taken out of the trade, as price reversed to trade....