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The previous article mentioned that as long as BTC can continue to pull the market and does not weaken at the high level, other sectors will have the opportunity to rebound. Recently, other sectors have received some capital inflows.
ARB pulled back on the right to test the previous wave low of $0.7390. The price did not break and was supported by the downtrend channel (green line) connected to the recent high points. It also experienced a rebound. The current rebound has hit the downtrend channel. The upper track (orange line) is currently also hitting the daily kMA (25) price of $0.8284.
If the daily kMA (25) can stabilize in the market outlook and BTC continues to rise at a high level or the shock does not weaken, ARB can continue to rise and lead to a larger rebound.
