#Arweave (AR) Chart Watch: Ascending Flag or False Breakout?🤔

#AR's price action on the daily timeframe is raising eyebrows.🤨 An ascending flag pattern hinted at #Bullish continuation, but a recent break below the $29.0-$33.4 support throws a wrench in those plans.

The price is now testing the bottom of the channel, with a potential first target of $21.6 if the downtrend persists. However, a bounce off the channel could still see $AR retest the broken support and potentially continue the bullish momentum.🚀

This is a critical juncture for AR. Keep a close eye 👀 on price action and volume to see if the downtrend confirms or a reversal is in play.

What's Your Honest opinion on AR❓