Arweave (AR) Price Prediction: ARUSD Performed Well in the Past Three Days

Arweave (AR) price prediction: ARUSD performed well in the past three days and any daily close above $30 confirms further bullishness.

Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data forever.

Arweave’s consensus mechanism is based on Proof of Access (PoA) and Proof of Work (PoW). In Proof of Access, miners do not need to store entire blocks, but it can store any blocks can store any previous blocks, incentivized by PoA and Wildfire, forming a weave of blocks, a block weave.

Features:

- Transactions per second: 1000

- Block time: 2 min

ARUSD performed well in the past three days

Any daily close above $30 confirms further bullishness.

ARUSD has gained more than 45% in the past ten days. The pair holds well above the short-term (21 and 52 EMA) and long-term moving average. It hit a high of $45 and is currently trading around $44.15.

The bullish invalidation can happen if the pair closes below $20. On the lower side, the near-term support is $25. Any break below targets $21.96/$20.

The immediate resistance stands at around $30. Any breach above confirms bullish continuation. A jump to $38.30/$47/$50 is possible. A surge past $50 will take it to $70.

It is good to buy on dips around $25 with SL around $19.50 for TP of $50.

TokenPost | [email protected]

The above is the detailed content of Arweave (AR) Price Prediction: ARUSD Performed Well in the Past Three Days. For more information, please follow other related articles on the PHP Chinese website!