Technical analysis by Snowf1re about Symbol AR: Buy recommendation (22 hour ago)

Ok, until no one had published any intelligent idea, i will do some insight for you. AR itself is probably the best coin to hold. Decentralized storage is in fact the blood of web3 world, but 99% of people/projects ignore it and spam zillions of useless PoW/PoS/etc... coin clones. Arweave is a network with good technology proven by years. Next, 65.65M of 66M tokens are issued. It has strong demand in the market. Last cycle it had bottom at 4 and top at 64. Thats legit because during last cycle BTC risen from 16k to 128k - 8 times, alts has x2 bonus to BTC movement. Now BTC is in the expected fall from 128k to 32k, like during the preceding cycle it fell from the 64k levels to 16k - 4 times. This means, that regular alts fell 8 times. Likewise, AR fell from 32..64 price range (48) down to 4 (2...6) price range. AR peaks are going in a row 96,48,... and next expected top could be at 24, which is obvious by looking at vertical volumes profile. And it lies in 16..32 price range. So, given that good alts pump about x10, low prices range should be 1...2.4...4. So, best price to buy is/was 2.4, best price to sell will be 24, probably, because real market intentions are yet unknown, and it is a very volatile market with low liquidity, which rises risks, but also allows to get higher profits.