💬ARB is one of the most fundamentally powerful assets, as is everything related to L2 solutions on ETH.
🕸Yes, the chart looks scary, the price is polishing the bottom, all sorts of lows have been updated, but it is worth considering that such a decline has knocked out all the weak hands from the asset and simultaneously filled the whales' limit orders. The best time for purchases is panic and FUD, in this case, growth and updating of ATH is an axiom. Moreover, we take into account that the asset again appeared on the market relatively recently and did not participate in the bullish cycle.💵
By the way, ARB has been actively strengthening its positions lately, releasing announcements and preparing to launch ARB staking. That is, all the suffering and spills are the result of panic and high BTC dominance. The information field and fundamentals have only become better, the growth potential here remains explosive, just take my word for it.🚀
🌍Technically, we found support locally at $0.5, but I admit that with a BTC spill, the asset may go lower and try to test the global downward trend line. In any case, I am already accumulating positions, because as practice shows, some alts can be stable during spills and show the opposite, especially since locally we have a descending wedge pattern, here we need to actively monitor the lower trend line, its loss is a deeper correction. Accordingly, a breakout of the upper one will add positivity to the asset and send it to test the resistance of $0.95. 🪙
💲In any case, I expect at least $5, growth here is only a matter of time.
• subscribe to @Крипто Тренды и Технологии Here the truth is spoken
• subscribe to the project's telegram channel
Breaking ‼️ news 24/7