Bullish AR price prediction for 2024 is $33.57 to $71.77.
Arweave (AR) price might reach $85 soon.
Bearish AR price prediction for 2024 is $7.44.
In this Arweave (AR) price prediction for 2024, 2025-2030, we will analyze the price patterns of AR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Arweave (AR) Current Market Status
What is Arweave (AR)?
Arweave (AR) 24H Technicals
ARWEAVE (AR) PRICE PREDICTION 2024
Arweave (AR) Support and Resistance Levels
Arweave (AR) Price Prediction 2024 — RVOL, MA, and RSI
Arweave (AR) Price Prediction 2024 — ADX, RVI
Comparison of AR with BTC, ETH
ARWEAVE (AR) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ
Arweave (AR) Current Market Status
Current Price $17.94 24 – Hour Price Change 8.85% Down 24 – Hour Trading Volume $329.09M Market Cap $1.17B Circulating Supply 65.65M AR All – Time High $260.06 (On Nov 06, 2021) All – Time Low $0.5052 (On May 11, 2020)
AR Current Market Status (Source: CoinMarketCap) What is Arweave (AR) TICKER AR BLOCKCHAIN Arweave CATEGORY Decentralized Storage LAUNCHED ON June 2018 UTILITIES Governance, Fast Transactions, gas fees & rewards
Arweave (AR) is a decentralized, blockchain-based data storage platform that focuses on providing permanent and tamper-proof storage for information. Utilizing a novel consensus mechanism called Proof-of-Access (PoA), Arweave allows users to store data on its network permanently, with a one-time payment. This approach contrasts with traditional cloud storage models where users pay recurring fees.
Arweave’s design ensures the durability and longevity of stored data by incentivizing miners to continuously replicate and store content. It caters to various use cases, such as decentralized applications, archival storage, and content distribution. AR is the native cryptocurrency of the Arweave network, used for payments and incentives. As of my last update in January 2022, Arweave gained attention for its innovative approach to decentralized, permanent data storage. Please verify with the latest sources for any developments since then.
Arweave 24H Technicals
(Source: TradingView)
Arweave (AR) Price Prediction 2024
Arweave (AR) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the Arweave price prediction for 2024 is explained below with a daily time frame.
AR/USDT Ascending Channel Pattern (Source: TradingView)
In the above chart, Arweave (AR) laid out an ascending channel pattern. An ascending channel is the price action contained between upward-sloping parallel lines. Higher highs and higher lows characterize this price pattern. An ascending channel is used to show an uptrend in a security’s price. Ascending channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns.
At the time of analysis, the price of Arweave (AR) was recorded at $17.94. If the pattern trend continues, then the price of AR might reach the resistance levels of $29.64, and $70.40. If the trend reverses, then the price of AR may fall to the support of $16.82, and $12.07.
Arweave (AR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Arweave (AR) in 2024.
AR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Arweave (AR) for 2024.
Resistance Level 1 $33.57 Resistance Level 2 $71.77 Support Level 1 $17.09 Support Level 2 $7.44
AR Resistance & Support Levels
Arweave (AR) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (AR) are shown in the chart below.
AR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Arweave (AR) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $20.42Price = $18.12(50MA> Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 37.80<30 = Oversold50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume
Arweave (AR) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Arweave (AR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
AR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Arweave (AR).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 19.15 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 29.77<50 = Low>50 = High Low volatility
Comparison of AR with BTC, ETH
Let us now compare the price movements of Arweave (AR) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs AR Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of AR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of AR also increases or decreases respectively.
Arweave (AR) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Arweave (AR) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Arweave (AR) Price Prediction 2025 $92 $7 Arweave (AR) Price Prediction 2026 $95 $6.5 Arweave (AR) Price Prediction 2027 $103 $6 Arweave (AR) Price Prediction 2028 $110 $5.5 Arweave (AR) Price Prediction 2029 $115 $5 Arweave (AR) Price Prediction 2030 $120 $4.5
Conclusion
If Arweave (AR) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Arweave (AR) price prediction for 2024 is $71.77. Comparatively, if unfavorable sentiment is triggered, the bearish Arweave (AR) price prediction for 2024 is $7.44.
If the market momentum and investors’ sentiment positively elevates, then Arweave (AR) might hit $85. Furthermore, with future upgrades and advancements in the Arweave ecosystem, AR might surpass its current all-time high (ATH) of $90.94. and mark its new ATH.
FAQ
1. What is Arweave (AR)?
Arweave (AR) is a decentralized, blockchain-based data storage platform that focuses on providing permanent and tamper-proof storage for information.
2. Where can you purchase Arweave (AR)?
Arweave (AR) has been listed on many crypto exchanges which include MXC.COM, Bilaxy, Huobi Global, and Hoo, among others.
3. Will Arweave (AR) reach a new ATH soon?
With the ongoing developments and upgrades within the Arweave Platform, AR has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Arweave (AR)?
On Nov 05, 2021, Arweave (AR) reached its new all-time high (ATH) of $90.94.
5. What is the lowest price of Arweave (AR)?
According to CoinMarketCap, AR hit its all-time low (ATL) of $0.4854, on May 27, 2020.
6. Will Arweave (AR) reach $85?
If Arweave (AR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $85 soon.
7. What will be Arweave (AR) price by 2025?
Arweave (AR) price is expected to reach $92 by 2025.
8. What will be Arweave (AR) price by 2026?
Arweave (AR) price is expected to reach $95 by 2026.
9. What will be Arweave (AR) price by 2027?
Arweave (AR) price is expected to reach $103 by 2027.
10. What will be Arweave (AR) price by 2028?
Arweave (AR) price is expected to reach $110 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
