AR coin price shows an uptrend in action, which struggles to close above $30 resulting in higher price rejection. Will the uptrend reach 50-day EMA?
<h2>Key technical points:</h2>
<ul>
 	<li>The 200 and 100-day EMA are on the verge of giving a bearish crossover</li>
 	<li>The RSI slope surpasses the 14-day SMA</li>
 	<li>The 24-hour trading volume in the Arweave token is $71.9 Billion, indicating a 125% rise. </li>
</ul>
<h2>Past Performance of AR</h2>
After the $30 breakout after the rejection faced near the 200-day EMA, the AR coin price reached $23 with multiple bearish candles. The buyers make a comeback and retest the $30 level. However, the sellers keep the bullish attempt in check resulting in a sideways movement below the resistance level.

<img src="https://s3.tradingview.com/snapshots/5/5IfJI1zc.png" alt="TradingView Chart" />

Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/5IfJI1zc/" target="_blank" rel="noopener">Tradingview</a>
<h2>AR Technical Analysis </h2>
The AR coin price action shows higher price rejection with the possibility of a bearish continuation back to the $23 mark. Moreover, if the sellers dominate $23, the breakout of $20 becomes possible and reaches the $18 mark.

The uptrend in the Arweave coin price struggles to avoid the 100 and 200-day EMA, with the 50-day falling below to provide a potential dynamic resistance. Therefore, traders can expect a selling opportunity near the 50-day EMA.

The MACD indicator shows a rising trend in bullish histograms, with the fast and slow lines attaining a bullish alignment with a crossover. Hence, the indicator projects the possibility of bulls taking over the $30 mark.

The RSI Indicator slope approaches the halfway mark and surpasses the 14-day SMA indicating a boom in buying pressure. However, the previous rejections above the central mark project a selling pressure area that can induce bearish tensions on the upcoming trend.

In a nutshell, the AR technical analysis reflects a neutral state, and the breakout of $30 or a downfall below $27 will indicate a trading signal. 
<h2>Upcoming Trend</h2>
The AR coin price shows the possibility of a bullish continuation with a breakout of $30. However, the selling pressure moving with the 50-day EMA can help the bears resurface. Nonetheless, the closing above $30 will generate a short-term buying signal.

Support Levels: $28 and $13

Resistance Levels: $35 and $40

AR Technical Analysis: Buyers Struggling To Dominate $30

AR coin price shows an uptrend in action, which struggles to close above $30 resulting in higher price rejection. Will the uptrend reach 50-day EMA?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

AR Technical Analysis: Buyers Struggling To Dominate $30

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