The current price of the coin ranges between $4.97 and $5.21, with a daily trading volume of approximately $50 million, indicating active trading despite the downward trend. The coin is currently ranked#142with a market cap of approximately $330 million.
🔍 Fundamental analysis:
Arweave is one of the most prominent decentralized permanent storage projects, offering what is known as the “Permaweb,” which allows data to be stored forever using Blockweave technology, an advanced version of the blockchain.
The project has recently witnessed strong partnerships with projects such as HyperGPT and Copute.ai, in addition to supporting permanent domain services via AR.IO, and has been listed on the Kraken platform, strengthening its presence in the market.
📈 Technical analysis:
The overall technical trend remains bearish on the daily timeframe, as the moving averages (50 and 100 EMAs) indicate continued downward pressure. However, the RSI is hovering between 37 and 50, reflecting relative neutrality that could allow for a price reversal.
The most important support levels currently are at: $4.93 - $4.59 - $4.41, while the resistance levels are: $5.11 - $5.45 - $5.63 - $5.96
$AR
🎯 Proposed strategy:
Despite the downtrend, a potential positive divergence on some indicators could signal an imminent technical rebound. Current support levels can be exploited for a gradual entry, with an eye toward nearby targets such as $5.10–$5.40. It is advisable to place a clear stop loss below the $4.40 area and adopt strict money management, especially given the weakening momentum in recent days.
💬 A strong project with a solid foundation, and a market in a correction phase that may produce ideal entry opportunities when the reversal is confirmed.