Top Cryptocurrencies to Buy Now July 29 – Avalanche, Injective, Toncoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 29 2024

AR-6.566%

TON-2.962%

INJ-4.405%

Should l Buy AR?

Cryptocurrency Market Growth: The global cryptocurrency market cap has reached $2.48 trillion, with Bitcoin nearing $70,000 following supportive comments from Former U.S. President Trump, leading to gains in altcoins and increased investor interest in top cryptocurrencies.
Innovations in Blockchain Projects: Notable developments include Injective Labs introducing a yield-bearing stablecoin (USDM), Avalanche partnering for cross-chain lending, and TON launching the W5 Smart Wallet for gasless transactions, all contributing to enhanced functionalities and user engagement in their respective ecosystems.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like AR with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for AR

Technical Sentiment Analysis for Arweave (AR) As of , Arweave (AR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 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	0.884	1.332	1.754	2.202	2.624	3.072	3.494
Fibonacci	1.332	1.664	1.87	2.202	2.534	2.74	3.072

About AR

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as 'a collectively owned hard drive that never forgets,' the network primarily hosts 'the permaweb' — a permanent, decentralized web with a number of community-driven applications and platforms.To learn more about this project, check out our deep dive of Arweave.The Arweave network uses a native cryptocurrency, AR, to pay 'miners' to indefinitely store the network's information.The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for AR?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy AR?

Get Started Free