$AR Arweave Chart Analysis

Arweave (AR) has been gradually rising over the last few days, indicating strong demand from the bulls. The rising 20-day EMA at $36 and RSI above 61 indicate that bulls have the advantage. The AR/USDT pair could reach a critical resistance level at $47.51. If bulls push the price above this resistance, the pair could accelerate towards $52 and then $68

If the pair retreats and breaks below the moving averages, this positive outlook could become invalid in the near term, potentially pulling the pair down to $26.50