Arweave (ARUSDT) Market Overview: 24-Hour Analysis

• Arweave (ARUSDT) traded in a bullish consolidation pattern after a sharp 7.6% intraday rally from 7.22 to 7.79.
• A key resistance level formed near 7.74, with price pulling back sharply after a 15-minute bullish engulfing pattern.
• RSI signaled overbought conditions above 70, while volume surged on the rally but faded on the pullback.
• Bollinger Bands showed moderate volatility expansion, with price closing near the upper band.

Arweave (ARUSDT) opened at $7.28 on July 25 at 16:00 ET and closed at $7.64 by 12:00 ET on July 26. The 24-hour range was $7.22 to $7.79, with a total volume of 249,955.5 and a turnover of approximately $1,845,383.

Structure & Formations

The 24-hour period showed a strong bullish reversal from a key support level near 7.22, followed by a consolidation phase. A bullish engulfing pattern formed at 7.70–7.73 on July 26 around 00:30 ET, signaling short-term strength. Price found resistance near 7.74, where a doji formed at 03:15 ET, hinting at indecision. A bearish divergence in volume was noted after the 7.79 high at 02:45 ET, suggesting a potential pause in momentum.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line early in the rally, confirming a short-term bullish bias. Daily moving averages (50/100/200) remain unprovided, but based on the 24-hour trajectory, it appears the 200-day average is likely below current levels, supporting a longer-term bullish stance.

MACD & RSI

The MACD showed a bullish crossover at the start of the rally and remained positive until mid-July 26. However, the histogram began to contract after 03:00 ET, indicating fading momentum. RSI reached overbought territory above 70, peaking at 7.79, and has since pulled back into neutral territory. This suggests a potential pause or consolidation ahead.

Bollinger Bands

Bollinger Bands expanded during the rally phase, with price reaching the upper band at 7.79 before retreating. The bands have since tightened slightly, indicating reduced volatility. Price has remained within the bands, suggesting a continuation of the current range-bound environment.

Volume & Turnover

Volume spiked during the rally phase, particularly in the 7.66–7.79 range, with a peak of 27,248.4 at 23:45 ET. Turnover confirmed this, with high notional value during the breakout. However, volume declined sharply after the 7.79 high, raising concerns about sustainability. A divergence between price and volume could indicate a potential pullback.

Fibonacci Retracements

Applying Fibonacci to the 7.22–7.79 swing, price retested the 61.8% level at ~7.64–7.67 and found support. This suggests a potential floor for the next 24 hours. On the daily chart (unprovided), the 61.8% level from a prior major swing could offer additional reference.

Arweave appears to be in a consolidation phase after a strong rally, with key resistance at 7.74 and support at 7.64–7.67. While the technicals remain bullish, the overbought RSI and fading volume signal caution. Investors may watch for a breakout above 7.74 for renewed upside or a test of the 7.64 support. As always, market conditions can shift rapidly—volatility and sudden reversals remain risks for the next 24 hours.