bullish

Million

Arweave

<p><strong>Arweave </strong>(AR) price surged 9% in 24 hours, likely influenced by Bitcoin’s advancement, and it grew nearly 65% in 24 days. BTC has surpassed the $69,500 mark amid a positive crypto market. With BTC surpassing $69500, the entire crypto market cap has surged to $2.48 Trillion, a 3.09% intraday rise.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="547" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-1024x547.png" alt="AR/USD &amp; BTC/USD 1.D. | Source: TradingView" class="wp-image-634092" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-1024x547.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-768x410.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-1536x820.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-150x80.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-696x372.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188-1068x570.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-188.png 1567w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  AR/USD &amp; BTC/USD 1.D. | Source: TradingView
 </figcaption>
</figure> 
<p><strong>AR</strong>’s growth corresponded to a 7% market cap surge intraday. It ranked 4th in the global crypto list. Meanwhile, in the past 24 hours, the token’s market cap also surged by 7% to $2.155 Billion.</p> 
<p>Similarly, its 24-hour volume on the spot has also experienced growth by 4.62% on all tradeable platforms, which amounted to $45.301 Million. Despite the surge, its liquidity status is weak as of writing, where the volume-to-market cap ratio of 24 hours stands at 2.11%.</p> 
<p>Tokenomics shows that 65.65 Million <strong>ARs </strong>(99.47%) are circulating in people’s hands from a total supply of 66 Million ARs.</p> 
<h2 class="wp-block-heading" id="h-analyst-perspective-for-ar-price-growth"><strong>Analyst Perspective for AR Price Growth</strong></h2> 
<p>AR is expected to grow, suggests chatter on X (formerly Twitter).&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AR</a> Gearing Up <a href="https://t.co/a2XYLahxfL">https://t.co/a2XYLahxfL</a> <a href="https://t.co/0fyu1qPltu">pic.twitter.com/0fyu1qPltu</a></p>— VeLLa Crypto (@VellaCryptoX) <a href="https://twitter.com/VellaCryptoX/status/1817755692159189375?ref_src=twsrc%5Etfw">July 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>As per the analyst <strong>@VeLLa Crypto. </strong>He illustrated with a drawing that the target $42.50.</p> 
<h2 class="wp-block-heading" id="h-what-does-arweave-ar-derivatives-data-analysis-highlights"><strong>What Does Arweave (AR) Derivatives Data Analysis Highlights?</strong></h2> 
<p>As per the derivatives, the derivatives volume has reached $78.43 Million, and Open Interest showed more open contracts opened for the current trend. The OI surged by 9.88%, where it amounted to $77.78 Million.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="269" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-1024x269.png" alt="AR Total Liquidations Chart | Source: Coinglass" class="wp-image-634087" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-1024x269.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-300x79.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-768x202.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-1536x404.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-150x39.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-696x183.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187-1068x281.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-187.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  AR Total Liquidations Chart | Source: Coinglass
 </figcaption>
</figure> 
<p>Similarly, the <strong>AR’s </strong>24-hour data liquidation highlights that the shorts that have been liquidated amounts greater than longs liquidation. Thus signifying the bullish potential for <a href="https://www.thecoinrepublic.com/price-prediction/arweave/">Arweave’s </a>(AR) price. Likewise, the shorts that have been liquidated are $112.41K, and longs stayed at $14.92K.</p> 
<h2 class="wp-block-heading" id="h-what-is-the-lowest-ar-s-price-amp-the-highest"><strong>What is the Lowest AR’s Price &amp; the Highest?</strong></h2> 
<p>As per the TradingView platform, the Arweave built an all-time low (ATL) price of $0.4870 on May 1st, 2020. From this low, the current price has traded 6000% higher. Likewise, on the daily chart, the all-time high (ATH) of $91.11 was recorded on November 1st, 2021. Comparitive to that CMP has traded nearly 60% down.</p> 
<h2 class="wp-block-heading" id="h-reading-the-arweave-chart"><strong>Reading the Arweave Chart</strong></h2> 
<p><strong>Arweave </strong>(AR) price has been in a wedge for nearly 152 days. The price had attempted 4 times to move past the channel’s upper boundary and the resistance zone of $46.10-$49.10. However, it failed and dropped to the lower border of the channel, at the $25.10-$20.10 support zone.</p> 
<p>However, a bullish spell was induced in resonance with the broader market, and from July 5th onwards, <strong>AR </strong>advanced once again for the channels’ upper border.</p> 
<p>Indicators-wise, the EMA bands support the price, MACD was at 0.2528, and the RSI was at 60.11.&nbsp;</p>    
<p><a href="https://in.tradingview.com/chart/ARUSD/33GlbPVA-What-Does-Arweave-AR-Price-Highlights/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<p>Therefore, if the momentum continues, the price could Advance higher, while hurdles could be present at $35.10 and $39.10, respectively.&nbsp;</p> 
<p>However, the slippage of gains would change the tides, and the price could drive towards supports at $25.10 and $20.10, respectively.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/30/arweave-ar-on-fire-can-it-break-through-40-barrier/">Arweave (AR) On Fire: Can It Break Through $40 Barrier?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Arweave (AR) On Fire: Can It Break Through $40 Barrier?

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