What Does Arweave (AR) Price Highlights?
The Arweave (AR) price has displayed its price activity move in the wedge for nearly 152 days straight.
Previously, the price had presented 4 attempts to move past the channel's upper boundary and the resistance zone of $46.10-$49.10. However, it failed and dropped to the lower border of the channel, at the $25.10-$20.10 support zone.
However, a bullish spell was induced in resonance with the broader market, and from July 5th onwards, the AR price advanced once again for the channels' upper border.
Indicators-wise, the EMA bands support the price, MACD showed a histogram at 0.2528, and the RSI was at 60.11.
Therefore, if the momentum continues, the price could Advance higher, while hurdles could be present at $35.10 and $39.10, respectively.
However, the slippage of gains would change the tides, and the price could drive towards supports at $25.10 and $20.10, respectively.
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