#AR The current price of AR coin, also known as Arweave, is around $5.73, with a 0.71% increase in the last 24 hours ¹. Here's a detailed technical analysis:
*Trend Analysis*
- *Short-term Trend:* Arweave's price has been experiencing a strong sell signal, with a potential breakout below $5.53 ¹.
- *Long-term Trend:* The overall trend for Arweave is bearish, with a descending triangle breakout potential ².
*Technical Indicators*
- *Moving Averages:* Most moving averages are bearish, with 13 indicators suggesting a sell and only 2 indicating neutral ².
- *Oscillators:* The overall rating is neutral, with some oscillators indicating a buy signal and others indicating a sell signal ³.
- *Relative Strength Index (RSI):* The RSI is around 37.10, suggesting a bearish trend ⁴.
*Trading Signals*
- *Buy Signal:* A breakout above $5.9 could trigger a buy signal ¹.
- *Sell Signal:* A breakdown below $5.53 could trigger a sell signal ¹.
*Key Levels*
- *Support:* $5.53, $5.31 ¹
- *Resistance:* $5.9, $6.12 ¹
*Price Prediction*
- *Short-term:* Potential bearish trend continuation, with a target price of $5.31.
- *Long-term:* Potential bullish trend reversal, with a target price of $90.92 ¹.
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