Market Overview for Arweave (ARUSDT) - 2025-08-22

• Arweave (ARUSDT) formed a bullish breakout above key resistance near $6.75 in late ET hours.
• Sharp volume-driven rally from $6.55 to $7.18 suggests strong short-term buying momentum.
• RSI surged into overbought territory, hinting at potential near-term profit-taking.
• Bollinger Bands showed a prior contraction before the recent expansion, confirming renewed volatility.
• Fibonacci levels indicate potential pullback support near $6.90 and $6.75 on 15-minute swings.

Market Overview

Arweave (ARUSDT) opened at $6.70 on 2025-08-21 at 12:00 ET and reached a high of $7.18 and a low of $6.48 before closing at $7.09 on 2025-08-22 at 12:00 ET. The 24-hour volume amounted to 435,166.85 AR with a notional turnover of $3.07 million, signaling heightened activity during the breakout phase.

Structure & Formations

ARUSDT displayed a strong bullish continuation pattern as it broke above the $6.75 resistance level, followed by a sharp rally into the $7.00–$7.18 range. A large bullish candle with a long lower wick at 14:15 ET confirmed the rejection of support at $6.55 and marked the start of the rally. The 15-minute chart showed a series of higher highs and higher lows from approximately 14:15 ET onward, indicating strong upward momentum.

Moving Averages

On the 15-minute chart, the price closed above both the 20-period (around $6.95) and 50-period (around $6.90) moving averages, reinforcing the bullish bias. On the daily timeframe, the 50-period moving average appears to be around $6.70, with the 200-period closer to $6.50, suggesting the rally has yet to surpass longer-term accumulation levels.

MACD & RSI

The MACD line surged into positive territory, aligning with the strong price move. The histogram showed a significant divergence from the 14:15 ET candle, marking a new bullish impulse. Meanwhile, the RSI spiked above 75, entering overbought territory, which may signal a potential pullback or consolidation phase in the near term.

Bollinger Bands

Bollinger Bands showed a period of contraction during the early ET hours, suggesting a period of low volatility before the explosive move upwards. Price then moved decisively beyond the upper band, indicating a breakout with strong conviction. This expansion could lead to a period of high volatility ahead.

Volume & Turnover

Volume increased significantly during the breakout phase, particularly after the 14:15 ET candle, with the 14:30 ET candle recording 119,162.68 AR traded — the largest in the 24-hour period. This volume confirmed the price action rather than diverged from it, lending credibility to the move. Turnover also spiked during this time, reinforcing the strength of the bullish momentum.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $6.55 to $7.18, key support levels lie at 61.8% (~$6.90) and 38.2% (~$6.75). These levels may act as critical areas to watch for near-term price consolidation or potential retests.

Over the next 24 hours, ARUSDT may consolidate around $7.00–$7.10 as the market digests the recent gains. A sustained close above $7.15 could extend the bullish trend, while a pullback to $6.90 or $6.75 may offer new entry opportunities. Traders should remain cautious of potential profit-taking or overbought exhaustion.