AR coin price shows an uptrend in action, which struggles to close above $30 resulting in higher price rejection. Will the uptrend reach 50-day EMA? Key technical points: The 200 and 100-day EMA are on the verge of giving a bearish crossover The RSI slope surpasses the 14-day SMA The 24-hour trading volume in the Arweave token is $71.9 Billion, indicating a 125% rise. Past Performance of AR After the $30 breakout after the rejection faced near the 200-day EMA, the AR coin price reached $23 with multiple bearish candles. The buyers make a comeback and retest the $30 level. However, the sellers keep the bullish attempt in check resulting in a sideways movement below the resistance level. Source-Tradingview AR Technical Analysis The AR coin price action shows higher price rejection with the possibility of a bearish continuation back to the $23 mark. Moreover, if the sellers dominate $23, the breakout of $20 becomes possible and reaches the $18 mark. The uptrend in the Arweave coin price struggles to avoid the 100 and 200-day EMA, with the 50-day falling below to provide a potential dynamic resistance. Therefore, traders can expect a selling opportunity near the 50-day EMA. The MACD indicator shows a rising trend in bullish histograms, with the fast and slow lines attaining a bullish alignment with a crossover. Hence, the indicator projects the possibility of bulls taking over the $30 mark. The RSI Indicator slope approaches the h...
