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Arweave (AR) has a Bullish Sentiment Score, is Rising, and Underperforming the Crypto Market Thursday: What's Next?

Thursday, December 16, 2021 04:14 PM | InvestorsObserver Analysts
Arweave (AR) has a Bullish Sentiment Score, is Rising, and Underperforming the Crypto Market Thursday: What's Next?

Arweave (AR) gets a bullish rating from InvestorsObserver Thursday. The Distributed Software Platform asset is up 12.1% to $46.8 while the broader crypto market is down 0.91%.

Sentiment Score - ,
Arweave has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Arweave!

Bullish

Over the last five days, Arweave has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Arweave over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Arweave is currently trading near its five-day high of $46.9011279077284. The Distributed Software Platform asset is 0.22% off its five-day high and is 32.84% higher than its five-day low of $35.23.

Arweave price is currently above resistance. With support set around $37.65 and resistance at $44.18, Arweave is potentially in a volatile position if the rally burns out.

Arweave has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Arweave

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