ARB/USDT is currently trading at 0.7077, up 13.30% in the last 24 hours.
1. Trend: The price has broken above the EMA(20) at 0.6907 and the EMA(50) at 0.6597, indicating an ongoing uptrend.
2. Support and Resistance: The key support level is at 0.6907 (20 EMA). If the price holds above this level, there is a possibility of further testing the resistance at 0.7639, the highest level in the last 24 hours.
3. Trading Volume: 24h volume reached 277.73M ARB, indicating strong participation from investors, supporting the uptrend.
Prediction: If the price holds above 0.6907, ARB could continue to rise towards 0.7639. Pay attention to the possibility of correction if price hits resistance.
Trading suggestions:
- Buy if price corrects to around 0.6907.
- Cut loss if price falls below 0.6800 to manage risk.