KEY TAKEAWAYS
- The ARV price closed the previous day’s trade at $0.000325 with a market capitalization of $20.76 million and a circulating supply of 63.06 billion ARV
- The price after a deep bearish trend is attempting a flip but woefully the asset may face an interim rejection towards the lower support very soon (Data as of 12th April, 2022)
ARV/USDT TECHNICAL-ANALYSIS FOR SHORT-TERM
Source: Tradingview
- The asset amid the recent descending trend, the price attempted a notable flip, but unfortunately, the price was slashed heavily
- However, swinging within the descending triangle, the possibility of a further drop emerges after a small consolidation in between the current levels
- Yet, the price is expected to rebound on hitting these levels as it did previously but the current flip may not be so strong as the volume has depleted a lot
- And hence until a strong influx of liquidity approaches, the price could swing within narrow braces
ARV/USDT TECHNICAL ANALYSIS FOR LONG-TERM
Source: Tradingview
- The ARV price smashed the ATH in the beginning and further fell into a deep bearish well
- The asset began trending within a descending parallel channel, mainly swinging within the upper band of the channel
- Woefully, the asset is slowly yet steadily plunging towards the middle levels and eventually attempts a flip from these levels towards the upper resistance
- The buying and selling volumes are almost equal and due to this the volatility has depleted that compelling the price to trade within a narrow range
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