Date: Tue, Sept 24, 2024, 06:38 AM GMT
The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) makes a strong move, climbing from $59K to $63K. This impressive surge has sparked rallies across the board, with many coins showing significant price action. One standout performer today is Arweave $AR , the decentralized storage network (DSN) project, which has surged 12.46% in the past 24 hours.
Source: Coinmarketcap
Breakout on the Horizon?
Crypto analyst @ZAYKCharts took to social media platform X to highlight Arweave's price movement, noting that the token has formed a Falling Wedge pattern — a bullish technical setup. Currently, AR is trading at $0.2305, right near its resistance trendline.
If the momentum continues, Arweave could break through this resistance, potentially setting the stage for a breakout with gains exceeding 100%, according to ZAYKCharts' analysis.
With market conditions favoring bulls, many investors are keeping a close watch on Arweave to see if it will make the next big move.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
