📊 Quick Analysis of Arweave ($AR) — Is it Ready for a New Surge?
🔸 The Idea in Brief:
Arweave is a project that offers permanent data storage on the blockchain. It means "The Unforgettable Internet," which is very important for Web 3 and NFTs.
📈 Technical Analysis (on the Daily Frame):
✅ The price is currently moving in a sideways range between $25 – $30
✅ Breaking the resistance at $30 could push the price to the $38 – $40 areas
📉 Strong support at $22, and if broken, we might see $18
🧠 Indicators Supporting the Rise:
Increase in the number of active wallets
Institutional interest in the decentralized storage sector
Increase in weekly trading volume
⚠️ Advice: Don't jump in just because the coin is trending! Analyze, plan, and enter according to your own strategy.
🔁 Your Opinion? Does Arweave really deserve the hype?