Arweave increased by over 44 % last week, Monero starts lower - market tactualizations

arweave, which rose by over 44 % last week, was again in the green area and was traded by over 10 % higher on Monday. This comes when Monero slipped in today's session.

biggest winner

After a declining January, the cryptoma markets began to recover last week, with Arweave being one of the biggest winners during this period.

at the beginning of the week AR/USD is currently 10.32 % higher and reaches an intraday maximum of $ 39.81.

This is due to the fact that the decentralized storage network has risen by 44 % in the past 7 days and continues to move towards the 40 dollar brand.

If you look at the diagram below, the movement began after Arweave from his recent support at $ 29.40, where it was traded on Friday, recovered, which led to four consecutive sessions with profits.

As a result of this run, the 14-day RSI is now 50.25, which means that the courses are neither oversized nor overbought.

This prepares perfectly for an outbreak of over 40 $, but since the resistance at this level is quite strong, there will probably be bears that are waiting to push the prices down towards support.

If the price strength further increases, Arweave bulls could target the higher resistance of $ 52.

largest loser

At the time of writing, cryptocurrencies were traded by 1.37 % higher on this day, but there are some remarkable bears at the start of the week.

monero was one of them, with xmr /USD on Monday 4 %, which led to an intraday low of $ 141.22.

If you look at the diagram below, today's decline has led to Monero his recent support of $ 141.90 after it was only traded yesterday with a resistance of $ 155.80.

This follows the RSI level of 37, which acts as a hurdle for increasing dynamics, and has since fallen to 34 and has moved deeper into the oversold area.

we could see xmr bruch on this floor? Share your thoughts in the comments.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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