๐ Arweave (AR) analysis โ price: ~$6.64 (up to the last hour update) finance.yahoo.com+12coingecko.com+12tradingview.com+12
๐ฏ๏ธ Candle behavior reading:
Small-bodied candles with long lower shadows on the 4-hour and daily frames โ evidence of buyers entering at the dip and the price refusing to stay low.
Doji/Inside candle series indicate a state of price consolidation and accumulation, a clear characteristic before a potential breakout.
The last daily candle did not break support but bounced strongly from it, a sign of rejecting further declines.
๐ Technical analysis and support and resistance:
Strong support area: $6.40โ$6.45, tested multiple times without a decisive break.
Resistance area: $6.65โ$6.70 โ a stable breakthrough requires real buying strength.
Price movement is currently within a narrow range (~$6.42โ$6.64) with decreased trading volume, indicating accumulation pressure.
๐ฏ Why does AR seem poised to take off?
Consistent appearance of long lower wicks = absorption of random selling by large buyers.
Stable and small candles in a defined range mean that a large movement has not yet started, and energy is being stored.
The price is moving sideways steadily above support, despite overall weak buying = a clear signal of whale interest in silent accumulation.
๐ Trading plan based on analysis:
โ Ideal entry point: between $6.45โ$6.55 near support.
๐ Stop loss: below $6.35 to reduce risk.
๐ฏ Potential targets:
First target: $6.70 (breaking the current resistance)
Second target: $6.90โ$7.10 (testing a higher upper range)
Third target: $7.30+ if buying pressure continues and liquidity increases.
๐ก Risk-to-reward ratio: approximately 1:3 if the entry follows the chart pattern.
๐ง Educational summary:
Small candles = a culmination of a consolidation phase within a range.
Lower wicks = serious buyers preventing the price from collapsing.
Silent sideways movement = whales build their positions silently before the breakout.
