AR / TetherUSLong
Is #ARUSDT Ready to Skyrocket or Dive? Key Levels to Watch
Yello, Paradisers! Have you been watching #ARUSDT? Let's look at the latest analysis of #Arweave and see what's happening:
đź’ŽCurrently, #AR is trading within a falling wedge, a pattern often associated with bullish reversals. The price is retesting the descending resistance, with increasing volume and the 50EMA reinforcing a bullish momentum. These are promising signals, but the next steps are critical to confirm the breakout.
đź’Ž#Arweave is approaching the $15.40 support level, a vital zone that could spark a new leg up if held. A rally from this point, combined with a break above the descending resistance, would mark a significant shift in the market structure. Such a move could pave the way for higher resistance targets and signal a sustained upward trend.
đź’ŽHowever, if #ARUSDT fails to hold this demand zone, the price could slip further to test the $12.38 support. This range, aligning with a previous low, serves as a crucial price floor. A failure to reclaim $15.40 with strength would jeopardize the bullish case.
đź’ŽA daily close below $12.38 would invalidate the bullish outlook entirely. In such a scenario, Arweave risks setting a new lower low, potentially leading to further declines and increased bearish pressure.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
đź’ŽCurrently, #AR is trading within a falling wedge, a pattern often associated with bullish reversals. The price is retesting the descending resistance, with increasing volume and the 50EMA reinforcing a bullish momentum. These are promising signals, but the next steps are critical to confirm the breakout.
đź’Ž#Arweave is approaching the $15.40 support level, a vital zone that could spark a new leg up if held. A rally from this point, combined with a break above the descending resistance, would mark a significant shift in the market structure. Such a move could pave the way for higher resistance targets and signal a sustained upward trend.
đź’ŽHowever, if #ARUSDT fails to hold this demand zone, the price could slip further to test the $12.38 support. This range, aligning with a previous low, serves as a crucial price floor. A failure to reclaim $15.40 with strength would jeopardize the bullish case.
đź’ŽA daily close below $12.38 would invalidate the bullish outlook entirely. In such a scenario, Arweave risks setting a new lower low, potentially leading to further declines and increased bearish pressure.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
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