#ARUSDT Technical Analysis.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
AR is holding up at the primary support level of $25. With the current rebound and the CMP at $28, it is likely to see AR hitting the $32 to $35 resistance level (the 100EMA blue line).
We also have crucial long-term support at $22.7, and it is possible that AR could drop down to test this supporting trendline. Breaking below this supporting trendline could worsen the situation for AR, as the lower supports are 40% to 60% away from the CMP.
On the positive side, AR is still holding the primary support, and once it breaks above the 100EMA resistance, we are likely to see a 100% rally with the price reaching $50 to $55.
Key Observation:
~ Primary Support: $25.
~ Crucial Support: $22.7.
~ Lower Support 1: $15.
~ Lower Support 2: $10.6.
~ Primary Resistance: $32 to $35 (100EMA).
~ Higher Resistance: $50 to $55.
~ Invalidation Point: Breakdown below the long-term supporting trendline ($22.7).
DYOR. NFA.
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