Arweave Price Prediction 2022 — Will AR Hit $70 Soon?
- Bullish AR price prediction is $15.75 to $68.29.
- The AR price will also reach $70 soon.
- AR’s bearish market price prediction for 2022 is $7.57.
In Arweave’s (AR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about AR to analyze the future movement of the cryptocurrency.
Arweave Current Market Status
According to CoinGecko, the price of AR is $14.20 with a 24-hour trading volume of $16,249,573 at the time of writing. However, AR has increased nearly 3.9% in the last 24 hours.
Moreover, AR has a circulating supply of 50,108,502 AR. Currently, AR trades in cryptocurrency exchanges such as Binance, OKX, CoinW, Bybit, and BingX.
What is Arweave (AR)?
Arweave is a decentralized storage platform that seeks to provide a platform for the indefinite storage of information. Moreover, explaining itself as a collectively owned hard drive which will never be forgotten. More so, the network initially hosts the permaweb. Notably, permaweb is a permanent decentralized web with many community-driven platforms and applications.
Arweave (AR) Price Prediction 2022
Arweave holds the 76th position on CoinGecko right now. AR price prediction 2022 is explained below with a daily time frame.
The above chart of AR laid out a Symmetric Triangle Pattern. Symmetric triangle pattern is formed by two converging trendlines. In this pattern the upper trend line of the triangle connects the high, lower trendline of the triangle connects the lows.
Currently, AR is in the range of $14.17. If the pattern continues, the price of AR might reach the resistance level of $22.24. If the trend reverses, then the price of AR may fall to $10.57.
Arweave (AR) Support and Resistance Level
The below chart shows the support and resistance level of AR.
From the above daily time frame, it is clear the following are the resistance and support levels of AR.
- Resistance Level 1 – $16.23
- Resistance Level 2 – $25.71
- Resistance Level 3 – $42.57
- Resistance Level 4 – $68.29
- Support Level 1 – $11.48
- Support Level 2 – $7.57
The charts show that AR has performed a bullish trend over the past month. If this trend continues, AR might run along with the bulls overtaking its resistance level at $68.29.
Accordingly, if the investors turn against the crypto, the price of the AR might plummet to almost $7.57, a bearish signal.
Arweave Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of AR is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AR lies below the cutoff line, indicating weaker participants in the current trend.
More so, the AR’s Moving Average (MA) is shown in the chart above. Currently, AR is in a bullish state. Notably, the AR price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of AR at any time.
Meanwhile, the relative strength index (RSI) of the AR is at level 49.30. This means that AR is nearly an oversold state. However, this means a major price reversal of AR may occur in the upcoming days. So, traders need to trade carefully.
Arweave Price Prediction 2022 — ADX, RVI
Let us now look at Arweave’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Arweaves. Currently, AR lies in the range of 36.24, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of AR. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AR lies above the 50 levels, indicating that the direction of volatility is high. In fact, AR’s RSI is at 49.30 level thus confirming a potential sell signal.
Comparison of AR with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Arweave.
From the above chart, we can interpret the price changes of ETH, BTC and AR as moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of AR also increases or decreases respectively.
Arweave (AR) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Arweave (AR) might probably attain $75 by 2023.
Arweave (AR) Price Prediction 2024
With several upgrades in the network, Arweave (AR) might enter a bullish trajectory. If the coin grabs the attention of major investors, AR might rally to hit $80 by 2024.
Arweave (AR) Price Prediction 2025
If Arweave (AR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, AR would rally to hit $88.
Arweave (AR) Price Prediction 2026
If Arweave (AR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, AR would rally to hit $100.
Arweave (AR) Price Prediction 2027
If Arweave (AR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, AR would rally to hit $110.
Arweave (AR) Price Prediction 2028
If Arweave (AR) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, AR would hit $125 in 2028.
Arweave (AR) Price Prediction 2029
If investors flock in and continue to place their bets on Arweave (AR), it would witness major spikes. AR might hit $130 by 2029.
Arweave (AR) Price Prediction 2030
With greater advancements in the Arweave ecosystem, the crypto community might continue to invest in AR for the next 8 years and drive significant price rallies for the token. Hence, Arweave (AR) might hit $135 by 2030.
Conclusion
With continuous improvements in the Arweave network, we can say that 2022 is a good year for AR. For this reason, the bullish price prediction of Arweave in 2022 is $68.29. On the other hand, the bearish AR price prediction for 2022 is $7.57.
Furthermore, with the advancements and upgrades on the AR ecosystem, the performance of AR would help to reach above its current all-time high (ATH) $89.24 very soon. But, it might also reach $70 if the investors believe that AR is a good investment in 2022.
FAQ
Arweave is a decentralized storage platform that seeks to provide a platform for the indefinite storage of information.
AR has listed on many crypto exchanges which include Binance, OKX, CoinW, Bybit, and BingX.
With the ongoing developments and upgrades within the AR platform, it has a high possibility of reaching its ATH soon.
On November 05, 2021, AR reached its new all-time high (ATH) of $89.24 .
Arweave (AR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of AR in the past few months, AR is considered a good investment in 2022.
Arweave (AR) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Arweave (AR) will hit $70 soon.
Arweave’s (AR) price is expected to reach $75 by 2023.
Arweave’s (AR) price is expected to reach $80 by 2024.
Arweave’s (AR) price is expected to reach $88 by 2025.
Arweave’s (AR) price is expected to reach $100 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
