Crypto price prediction: Floki, BitBot, Arweave
Cryptocurrency prices were modestly positive last week as investors responded to the risk-averse sentiment in the financial markets. Bitbot goes above $67,000 for the first time in over a month, while Bitbot continues its token sale, raising millions of dollars. This article focuses on BitBot, Floki and Arweave.
Arweave price forecast
Arweave is one of the largest players in the Web 3 industry with a market cap of over $3 billion. It is disrupting the online storage industry by providing persistent storage solutions to developers. Developers can use the Warp technology to launch smart contracts that process transactions in seconds.
Over the past few weeks, Arwave's price has defied the gravity we've seen in the crypto industry and performed well. It jumped to $50 last week, its highest level since January 2022. By 2023, it had risen 1,150% from its lowest point. Most recently, it skipped four weeks in a row.
Turning to the weekly chart, we see that the price of the AR token has been on a strong bull run over the past few weeks. It remained comfortably above the 50-week and 25-week exponential moving averages (EMA).
It is now hovering at $48, the previous high point this year, which means it is forming a double-top pattern, a popular bearish signal. Arwave is approaching the 50% Fibonacci Retracement level.
Therefore, although the Arwave Token price view is overvalued, buyers should now go above the critical resistance level at $49.70. If this happens, the next point will be the 61.8% retracement point at $60.
Floki price prediction
Like Arwave, Floki's price has defied gravity over the past few weeks. It jumped to $0.0002290 last week, its biggest swing since April 2. At the high point of this month, the token increased by 105% from the low point of April 13.
The Loki Inu has now retraced and moved below the 38.2% Fibonacci Retracement level. It also remained above the 50-day and 25-day moving averages and the downside of the Andrews Pitchfork instrument.
So Floki's attitude is neutral for now. A break below the pitchfork device points to further downside, with the next point at $0.00018. The option is to retest last week's high of $0.00022.
BitBot analysis
Another famous cryptocurrency is BitBot, which has already collected more than 3.5 million dollars from international investors. BitBot is a company that seeks to transform the trading industry using the concepts of technical analysis and artificial intelligence (AI).
It will be an all-in-one trading bot that anyone can use to trade cryptocurrencies like Bitcoin, Ethereum and Solana. The app is distributed by Telegram, the leading social media platform with over 900 million users worldwide.
Unlike other trading bots, BitBot has several useful features. First, it will be a non-guardian bot, which means the developers will not be able to access your funds. Second, $BITBOT token holders can earn additional stock rewards. Third, these owners are involved in management. You can buy a BitBot token here.
