{"id":10668,"date":"2023-11-07T14:50:54","date_gmt":"2023-11-07T14:50:54","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/is-it-too-late-to-buy-arweave-ar-price-soars-27-as-new-crypto-casino-project-gathers-steam\/"},"modified":"2023-11-07T14:50:55","modified_gmt":"2023-11-07T14:50:55","slug":"is-it-too-late-to-buy-arweave-ar-price-soars-27-as-new-crypto-casino-project-gathers-steam","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10668","title":{"rendered":"Is It Too Late to Buy Arweave? AR Price Soars 27% as New Crypto Casino Project Gathers Steam"},"content":{"rendered":"
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Storage token Arweave has exploded in a strong rally move, but as AR price soars +27% side-lined traders are asking \u2018is it too late to buy Arweave?\u2019.<\/p>\n

The upside move has seen Arweave rank in the biggest gainers<\/a> amongst top 100 ranked cryptocurrencies over the last 24-hours, as traders flock to the innovative solution for permanent on-chain storage.<\/p>\n

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This week was the highest TX count in Arweave history.<\/p>\n

Arweave is adding 4.8x more pieces of data onchain every week than it did at the start of this year. https:\/\/t.co\/WfkzUVg1aS pic.twitter.com\/P48tCe7BXt<\/a><\/p>\n

\u2014 \ud83d\udc18\ud83d\udd17 sam.arweave.dev (@samecwilliams) October 29, 2023<\/a><\/p>\n<\/blockquote>\n

This is reflected in the growing transaction count on Arweave\u2019s network, which has hit all-time highs over the past week \u2013 in testament to promising network expansion.<\/p>\n

AR Price Analysis: As Arweave Explodes Amid All-Time High Transactions, Is it Too Late to Buy Arweave?<\/strong><\/h2>\n

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As Arweave leaps from success to success, AR is currently trading at a market price of $7.13 (representing a 24-hour change of -2.37%).<\/p>\n

Rally posturing emerges following a dramatic recovery from rock-bottom AR price action, after a bounce-off lower trendline support at $3.6 saw AR find supportive structure above the 20DMA (which is currently sat at $5.31).<\/p>\n

The consequent rally move quickly hammered-up above the 200DMA (now sat at $5.43), a level untouched since mid-April, this strengthened the rally, catalysing a +37% move up to resistance around $7.65.<\/p>\n

While AR price now faces minor localised retracement after hitting resistance, the impressive rally structure has prepped price action to push high \u2013 as the 20DMA and 200DMA head for a seemingly imminent golden cross pattern.<\/p>\n

AR price is left with multiple lower supports to draw upon in the event of a larger retracement, with a strong support level at $6.15 and moving average support at $5.40.<\/p>\n

Yet, warning signs emerge from the RSI, which has overheated to a significant degree at 82.14 \u2013 suggesting AR price is overvalued and overbought at current levels.<\/p>\n

This meets with contrast from the MACD, which reflects the impressive upside velocity underpinning the recent move with a bullish 0.2 reading.<\/p>\n

Overall, AR price action looks strong here, with the minor localised retracement move holding strong in face of alluring technical structure.<\/p>\n

This leaves AR price with an upside target above upper trendline resistance at $7.65 (a potential +7.04%).<\/p>\n

While AR price faces downside risk at $6.15 (a possible -13.95%).<\/p>\n

Arweave therefore carries a risk: reward ratio of 0.5 \u2013 a late entry suggesting that on the short-time frame it is too late to buy Arweave, and would be worth awaiting retracement.<\/p>\n

Yet, while prudent late-stage investors await retracement, an emerging early-stage play could offer superior returns as growing Rollbit alternative TG Casino skyrockets in presale.<\/p>\n

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The ease of use, amplified by a\u00a0no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.<\/p>\n

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From a security standpoint, users can rest easy \u2013 all data and funds are encrypted, ensuring robust protection against potential threats.<\/p>\n

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Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms AR Price Pump<\/strong>