Arweave (ARUSDT) Market Overview: 24-Hour Analysis (2025-07-23 12:00 ET – 2025-07-24 12:00 ET)

• Arweave (ARUSDT) fell sharply from $7.70 to a 24-hour low of $6.94 before recovering to close near $7.35.
• Strong bearish momentum was evident midday, with a large bearish engulfing pattern and a 10% drop in under 3 hours.
• Volatility spiked during the selloff, with a 12% range in a single 3-hour block and volume surging past 80k.
• A bullish reversal attempt began after 08:00 ET with a 5% rebound, supported by a key 7.25–7.35 price cluster.
• RSI and MACD signaled oversold conditions at the low, hinting at potential short-term bounce.

Arweave (ARUSDT) opened at $7.70 on 2025-07-23 at 12:00 ET and closed at $7.35 by 12:00 ET the following day, with a 24-hour high of $7.61 and a low of $6.94. Total volume amounted to 410,561.33 AR, and notional turnover reached $3,019,355.61 USD.

Structure & Formations

The 24-hour candlestick pattern for ARUSDT shows a broad bearish bias, especially from 17:00 to 08:00 ET, with a large bearish engulfing pattern forming at the start of the selloff. A key support level appears to be forming around $7.25–7.30, where the price has bounced twice. The most bearish formation occurred at 17:30 ET, where a long lower shadow and a large bearish candle indicated strong selling pressure. A doji formed at 09:30 ET, suggesting indecision and potential for a near-term reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below key price levels during the selloff, confirming the bearish bias. The daily chart shows the 50- and 100-period moving averages trending downward, with the 200-period line acting as a long-term resistance. The price closed below all three, indicating a continuation of the bearish trend.

MACD & RSI

The MACD turned sharply negative during the selloff, with a bearish crossover at 18:00 ET. RSI dropped to 28 by 09:00 ET, entering oversold territory, suggesting the potential for a short-term bounce. However, divergence between price and RSI suggests caution—while price has rebounded, RSI remains weak, indicating that momentum may still be bearish.

Bollinger Bands

Volatility expanded significantly during the selloff, with the bands widening to over 15%. Price hit the lower band at $6.94, indicating extreme oversold conditions. The retest of the upper band at $7.37 later in the session showed some bullish resilience, but the overall trend remains bearish. A contraction in the bands is expected if the price consolidates near $7.30–7.40.

Volume & Turnover

Volume spiked during the selloff, peaking at 84,709.19 AR at 06:45 ET, which coincided with a 21-cent drop. Notional turnover also surged during that period, reaching $624,657.26 USD. A divergence appears between volume and price in the late morning, as volume declined while price rose slightly—suggesting the bounce may lack conviction. However, the increased volume during the rebound attempt at 08:00 ET supports the idea of short-term support forming.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from $7.70 to $6.94, the 61.8% level is at $7.30 and the 50% level at $7.32. These levels have acted as key support points, with the price bouncing off them twice. The 38.2% level at $7.43 is now acting as resistance. If the price breaks below the 61.8% level, the next support target is at $7.18, which is the 78.6% retracement level.

Arweave (ARUSDT) may see a short-term bounce off the $7.25–7.35 support cluster, but bearish momentum remains strong. Investors should watch for a break below $7.25, which could signal further downside. A sustained close above $7.45 may indicate a reversal, but this appears unlikely in the next 24 hours. As always, be cautious of sudden market shifts and macro-driven risks.