Observations for #ARB🔥🔥🔥

📈Falling Wedge Pattern🚀:

- The $ARB (Arbitrum) chart displays a falling wedge pattern, which is typically a bullish reversal signal. Falling wedges often indicate a potential upward breakout, especially when found at the end of a downtrend.

✅Currently, $ARB is testing a breakout ✅Support and Resistance Levels:

- Support Zone: There’s a strong support zone around $0.46, This level has held several times, making it a key area for potential buying pressure.

- Resistance Zone: A around $0.87 represents a resistance area that could serve as the next major price target if ARB manages a breakout.

A confirmed breakout would ideally close above this zone.

3. Breakout Target:

- The projected target following the breakout appears to be around $1.22, with a potential upside of about 120% from the current price #ARBLONG $ARB