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Ubaid_butt123
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buy again #nfp #storj #xrp #ada #agix right now...
buy again
#nfp
#storj
#xrp
#ada
#agix
right now...
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Arbitrum (ARB) Faces Potential $1 Price Drop as Investors Sell Arbitrum (ARB) price is at risk of falling due to its failure to break a critical resistance level. Whether the price drops further depends on whether investors decide to sell for profit or hold onto their investments. Arbitrum (ARB) price is currently vulnerable to a correction despite overall positive market signals. This vulnerability stems from ARBās inability to surpass a crucial resistance level. The extent of any potential decline largely depends on whether investors choose to take profits. If investors refrain from selling off their holdings, it could prevent further price drops for ARB. šø ARB Investors Positioned to Influence Price Amid Favorable Selling Conditions Arbitrum (ARB) facesĀ potential price fluctuations driven by investorĀ actions in the near future. The Market Value to Realized Value (MVRV) ratio, currently at 10% over 30 days, indicates profitable conditions that may prompt selling activities. Historically, ARB corrections typically occur when the MVRV ranges between 7% and 23%, marking this range as a critical zone for potential market shifts. Moreover, the Global In/Out of the Money (GIOM) indicator suggests that 1.64 billion ARB tokens, valued at over $1.8 billion, are approaching profitability. Purchased within the $1.06 to $1.16 range, ARBās current price of $1.13 is nearing the threshold where these holdings will yield profits. šø Arbitrum (ARB) Faces Critical Support and Resistance Levels Arbitrum (ARB) is currently trading at $1.13,Ā encountering resistanceĀ at $1.26 after failing to surpass this level. The altcoin has found support at $1.10, a level that has proven resilient in previous tests. Maintaining above $1.10 couldĀ signal potentialĀ for recovery, while a drop below it could indicate bearish sentiment ahead. Considering the current market dynamics, there is a possibility of ARB declining below the $1.10 support level. FurtherĀ selling pressureĀ may push it down to $0.97, potentially jeopardizing ARBās position above $1.00. $ARB #ARB #Arbitrum
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