Arweave Price Forecast: AR Predicted to Rise 30.34% in 5 Days

Table of Contents

• AR price is expected to rise by 30.34% in the next 5 days according to our Arweave price prediction
• AR Price Prediction Chart
• What has been going on with Arweave in the last 30 days
• Arweave technical analysis for today - Mar 23, 2024
• Bullish sentiment for Arweave
• Crypto market is currently experiencing Greed
• Arweave moving averages & oscillators
• The bottom line about this Arweave prediction

• Arweave is up 6.64% today against the US Dollar
• AR/BTC increased by 8.14% today
• AR/ETH increased by 10.19% today
• Arweave is currently trading 17.15% below our prediction on Mar 28, 2024
• Arweave gained 180.37% in the last month and is up 356.68% since 1 year ago

AR price is expected to rise by 30.34% in the next 5 days according to our Arweave price prediction

Arweave price today is trading at $ 38.55 after gaining 6.64% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 8.50% in the same time period. AR performed well against BTC today and recorded a 8.14% gain against the world’s largest cryptocurrency.

According to our Arweave price prediction, AR is expected to reach a price of $ 46.53 by Mar 28, 2024. This would represent a 30.34% price increase for AR in the next 5 days.

AR Price Prediction Chart

Buy/Sell Arweave

What has been going on with Arweave in the last 30 days

Arweave has been displaying a positive trend recently, as the coin gained 180.37% in the last 30-days. The medium-term trend for Arweave has been bullish, with AR increasing by 276.93% in the last 3 months. The long-term picture for Arweave has been positive, as AR is currently displaying a 356.68% 1-year price change. On this day last year, AR was trading at $ 8.44.

Arweave reached its all-time high price on Nov 05, 2021, when the price of AR peaked at $ 90.68. The current AR cycle high is $ 46.93, while the cycle low is at $ 3.74. AR has been displaying high volatility recently – the 1-month volatility of the coin is at 28.10. Arweave recorded 16 green days in the last 30 days.

Arweave technical analysis for today - Mar 23, 2024

The sentiment in the Arweave markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 33.10, $ 31.67 and $ 29.54, while $ 36.67, $ 38.81 and $ 40.24 are the key resistance levels.

Bullish sentiment for Arweave

26 indicators are currently signaling a bullish prediction for Arweave, while 2 indicators are showing a bearish forecast. With 93% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Arweave.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Arweave moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Arweave is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Arweave is at 58.03, suggesting that AR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Arweave over the last 50 days. Currently, Arweave is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AR closing price for the last 200 days. AR is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Arweave prediction

After considering the above factors, we can conclude that the current forecast for Arweave price prediction is Bullish. AR would have to increase by 30.34% to hit our $ 46.53 target within the next five days. Moving forward, it will be important to monitor the AR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Arweave price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.