💾 What is Arweave and why is it attracting investor interest?
Arweave is a decentralized storage network aimed at keeping digital information "forever", making it a revolutionary solution in the era of big data. Unlike traditional cloud storage that relies on monthly subscriptions, Arweave allows you to pay once to store your data forever.
Used by documentation sites, NFT projects, and institutions to store sensitive information.
Built on Blockweave technology, which is an advanced version of blockchain that allows for more efficient data storage.
📉 Quick glance at technical analysis
Current price: around $6.00
The currency has recently declined from a peak of $7.50 and is currently near a strong support area.
Current support area: $5.90 – $5.95
Next resistance: $6.30 – $6.40
RSI on the daily timeframe shows an approach to oversold conditions, which may open the door for a potential technical rebound.
📈 Suggested trading plan (not financial advice)
Optimal entry: between $5.90 – $6.00
Suggested stop loss: clear break below $5.80
Targets:
First target: $6.30
Second target: $6.80
Third target: $7.50 (retesting the previous peak)
🔍 Why could today be an opportunity?
The current price is near an important technical support
Increasing use of AI projects and decentralized logistical storage
Increasing institutional interest in secure data storage projects
The current price model indicates a potential technical rebound and a return to the upward trend
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