AR Technical Analysis: Within Lower Fib Levels, Bulls Reach $35

AR coin price finds support within the triangle after the 23.60% Fibonacci level breakout. Will the reversal bring bulls back in the driving seat? Key technical points: AR buyers are close to outperforming the 50-day EMA. The bullish reversal from the support trendline inflates prices by 5.36% in the last 24 hours. Finally, the 24-hour trading volume of Arweave is $28.66 Million, marking a 16.86% fall. Past Performance of AR AR coin price shows a bullish reversal uptrend starting from the $24 mark resulting in the formation of a short-coming support trendline. The uptrend accounts for a 50% rise from the bottom after the rejection faced at $41 due to the resistance trendline. However, the bulls step in at the support trendline, initiating a positive reversal. Source-Tradingview AR Technical Analysis AR coin price action shows a couple of bullish candles leading the positive retracement to the resistance trendline and the 23.60% Fibonacci level. Moreover, the price action filling up the triangle pattern increases the chances of a bullish breakout. The Arweave price trades below all the crucial EMAs except the 50-day EMA, which the buyers currently challenge. As for the 100 and 200-day EMA, a price reversal from $35 will ensure a bearish crossover. RSI Indicator: The RSI slope slips into the nearly oversold zone after facing supply at 65% resulting in the 14-day average and the halfway mark fallout. However, the RSI slope surges...