🔥Arweave (AR) Breaks Consolidation: Will It Be the Start of a New Bull Run?*🚀
📅 AR/USDT Chart – Daily Interval (1D)
After months of sideways movement between $4.50 and $6.80, the ARWEAVE (AR) token has strongly broken through the consolidation resistance, indicating a possible trend reversal in the short term!
🧠 Identified Chart Pattern:
📌 Confirmed Double Bottom, with a breakout of the "neckline" in the $7.00 – $7.20 region.
📈 Movement validated with strong candles and increased volume.
📊 Classic bullish reversal signal after a long accumulation phase.
🔄 Scenarios for the Coming Days:
✅ Bullish Scenario (most likely):
If it maintains support above $7.00, it may seek targets at $8.00, $9.20, and even $11.00 in progressive movements.
⚠️ Correction Scenario:
Pullbacks to $6.50 would be natural and would still maintain the bullish structure.
Loss of $6.20 could nullify the pattern and resume the bearish bias.
🧱 Key Technical Levels:
📌 Supports:
$7.00 (neckline)
$6.50
$5.80
🚧 Resistances:
$7.80
$9.20
$11.00
💬 And you? Are you riding this breakout or waiting for a correction to enter? Comment below!
📢 Warning: this analysis is educational and does not constitute a recommendation to buy or sell. Always do your own analysis before trading!