$AR
The current price of AR Coin is around $7.45-$7.81, with a 24-hour trading volume of $38.57M and a market cap of $511.34M.
*Technical Analysis:*
- *Trend:* AR shows a bullish trend with potential for further upside, driven by strong momentum and recent price increases. The price is forming a recovery after a descending wedge breakout.
- *Support Levels:*
- *Immediate Support:* $7.00, which acts as strong support from which the price can rebound
- *Strong Support:* $5.90, considered the last line of defense; breaking below this level could lead to a deeper downtrend
- *Resistance Levels:*
- *Immediate Resistance:* $8.12-$8.30, upper bound of local supply zone and previous delta volume resistance
- *Higher Resistance:* $9.10, $9.80, and $16
*Trading Setup:*
- *Entry Zone:* Consider buying above $6 with confirmation, or around $28 after reclaiming with strong volume or bullish candle close.
- *Take Profit:*
- *Short-term Targets:* $7.45-$7.20, $8.00
- *Long-term Targets:* $9.10, $9.80, $12, $16, and $22
- *Stop Loss:* Set a stop loss below $5 or $7.06 to limit potential losses ¹ ² ³.