#Arweave (AR) – Price Analysis for 2024

06.05.2024

⏱️20sec

By December 2024, AR's price is expected to rise from its current levels. The assessment of the Exponential Moving Average (EMA) confirmed this shift. At the time of publication, the 50 EMA (blue) had crossed the 200 EMA (yellow), indicating a bullish bias.

This crossover (golden cross) occurred in November 2023, as the daily chart showed. If the AR price decreases later this year, it may not fall below $27.87. However, the bullish thesis for the token remains strong, with the price potentially reaching $88.

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