$ARB Will hitt 0.82$ tonight:
Predicting whether ARB will hit $0.82 tonight requires careful analysis,based on the chart:
Current Observations:
1. Resistance Levels: The price recently retraced after touching $0.7639. Breaking $0.82 would require significant buying momentum, surpassing the current resistance at $0.76.
2. Indicators:
RSI: At 42.49, indicating the asset is in the neutral-to-oversold zone but not strongly bullish.
Stochastic RSI: Oversold, signaling a potential short-term bounce, but this doesn't guarantee a sharp upward move unless supported by volume and sentiment.
3. Volume: Current volume appears to be declining, which might limit a strong push upward without new catalysts.
What Needs to Happen for $0.82:
A strong breakout above $0.76 with high volume is essential.
Positive market sentiment for ARB or the overall crypto market could drive rapid price action.
Any news or events influencing ARB could act as a catalyst.
Likelihood:
Unless a significant bullish breakout or external catalyst occurs, it seems unlikely ARB will hit $0.82 tonight. A more realistic target could be testing the $0.76–$0.78 range if buyers regain control.