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ARUSDT Will AR Break Out or Face Rejection?Yello, Paradisers! Have you been keeping an eye on #ARUSDT? Let’s dive into it! 💎#AR is currently facing a descending resistance, and a successful breakout here could spark a bullish continuation. If this breakout materializes, we can expect the price to climb towards the supply zone around $36. To hit our final target, though, AR needs to decisively break through this supply zone. If it does, reaching our final target at the strong resistance area becomes much more likely. 💎On the other hand, AR has been stuck at its resistance area for three days now. If it fails to break this level and a bearish rejection candle forms, we could see a retest of the demand area around $2.26 before another attempt at an upward move to break the resistance. 💎However, if AR fails to break out of the descending resistance and instead moves sideways, there's a high probability of a rejection, pushing the price downward. In this scenario, AR could retest the demand area between $22 and $19.9, building momentum for another breakout attempt. 💎The bullish scenario is invalidated if AR breaks below the strong support level with a daily candle closing beneath it. Should this happen, the price could continue its downward trajectory, dipping even further. Stay vigilant to market movements, and we’ll keep you updated with more insights. MyCryptoParadise iFeel the success🌴
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by MyCryptoParadise_Nathan
6
AR/USDT Potential back-test of the support area, Could Bounce ??💎AR has undoubtedly captured significant attention in the market. Presently, AR is positioned for a potential back-test of the support area, coinciding with the presence of the support trendline. 💎 Historical data indicates that AR has consistently exhibited a bouncing pattern when encountering the support zone. If this pattern holds once more, there is the potential for AR to break out of the resistance trendline and subsequently breach the key resistance level at 10.74. 💎 A successful breakout of these levels could probability facilitate an easier path for AR to reach our target zone, the bearish OB area. 💎 Conversely, if AR fails to maintain the support area due to a lack of rebound, this could signify a bearish momentum shift. In such a scenario, the price would likely continue its downward trajectory, eventually reaching the demand area, which was previously a supply zone, and thus creating an opportunity for a fresh upward momentum. 💎 It's important to note that should AR achieve a bounce at the demand area, the possibility of a price recovery is viable, potentially allowing for the reclamation of the price above the support. However, if AR fails to rebound at the demand level and instead breaks down below it, this would confirm a bearish movement, resulting in further downward price action.
by MyCryptoParadise_Nathan
1
Why Arweave $AR coin dumping When Meta and AR took over the partnership of decentralized data storage on November 3, token prices jumped from $10 to $17 in just 48 hours. We all know the price surged because of positive news, but according to Coinglass, November 3 is the biggest liquidation day for AR perpetual traders. According to the data, the AR market structure was already in a downtrend when the luna incident occurred, but when the news broke on November 3rd, the price did not surge because of the positive because it was a heavy short squeeze. BINANCE:ARUSDT AR Token chart shows extreme bearish in the upcoming day but if we see the bigger time When Luna Aftermath AR reaches the most important support zone, which is the $7 blue line in the image below. On 7 May When LUNA UST event the price of the AR token is a $7 to $18 rangebound then after September Ar is moving in the tied range for a whole month but when on Nove 3 Meta integration boomed the price towards the $17 dollar which is almost same high on Agust. FTX Drama and Current uncertainty of the market the AR token price break the crucial Support and then make the new low if the Weekly candle closed below the support then we see a retest of the support and further downwards if the situation is not good in crypto.
by humairqureshi