đ„Strong Signal: đ$AR/USDT
Arweave is a decentralized storage protocol that aims to provide a permanent and censorship-resistant solution for storing data. The project has been gaining traction in recent months, and its native token, $AR, has seen significant price appreciation.
Arweave (AR) has been on a downward trend since November 2022, but it appears to be finding support around the $10 level. The Relative Strength Index (RSI) is also oversold, which could indicate a potential reversal. If AR can break above the $12 resistance level, it could move towards its 200-day moving average (DMA) of around $15. However, if AR falls below $10, it could test the $8 support level.
Arweave is a decentralized storage protocol that allows users to store data permanently and securely. The protocol uses the Proof of Access (PoA) consensus mechanism, which is more energy efficient than the Proof of Work (PoW) consensus mechanism. Arweave has a strong team of developers and a growing community.
AR has been on a strong upward trend in recent months, and it is currently trading at around $9.20. This represents a gain of over 50% from its all-time low of $5.00 in July 2023.
My entries: $9.15 - $9.20 (Short to midterm)
Targets:
đŻ1st TP: $9.25
đŻ2nd TP: $9.30
đŻ3rd TP: $9.35
đŻ4th TP: $9.40
đŻ5th TP: $9.45
đŽStop loss: $8.95
Disclaimer
Please note that this post is not financial advice. It is intended for informational purposes only. Investors should conduct their own research before making any investment decisions.
