Ariva (ARV) Technical Analysis: ARV May Consolidate Before a 23% Upswing Soon!

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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