Arweave launches the mainnet of its computing platform
Launch of AO Mainnet: Arweave has launched the mainnet of its computing platform, AO, allowing for the transfer of native tokens and introducing a new AO token with a maximum supply of 21 million, aimed at enhancing decentralized data storage and processing.
Token Distribution and Economic Model: The AO token will be distributed fairly, with 36% allocated to existing AR holders and 64% focused on incentivizing economic growth by rewarding users who bridge assets into the platform.
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Technical Analysis for AR
Technical Sentiment Analysis for Arweave (AR) As of , Arweave (AR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arweave (AR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.491 | 1.135 | 1.741 | 2.385 | 2.991 | 3.635 | 4.241 |
| Fibonacci | 1.135 | 1.613 | 1.908 | 2.385 | 2.863 | 3.158 | 3.635 |
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