🔔 Price of ARB has decreased by -9.16% in the past 24h.
🔸 Price: ARB, currently at $1.72, has shown a downtrend in the past 24h with a -9.79% decrease from 24h high of $1.90.
🔸 Trade Volumes: Increased by 455.3% from the 7-day low to around $1,979,662.49. The significant surge in trading volume for ARB, increasing by 455.3%, appears to have coincided with a notable price decline of 9.79% from its 24-hour high, suggesting a potential sell-off event.
🔸 Capital Flows: Decreased from 289,138.10 ARB in the past 7d to -2,851,013.40 ARB, indicating a downtrend. Observations: The significant outflow of capital totaling -$2,851,013.40 ARB over the past week appears to have a correlation with the 9.79% decrease in ARB's price, suggesting that the negative capital flow may be a contributing factor to the observed price downtrend.
🔸 Order Book Depth: The ARB order book shows a significant depth with a total buy quantity of 1,001,412.90 compared to a sell quantity of 387,805.70, suggesting a potential buying pressure that could counteract the recent downtrend where ARB has decreased by 9.79% to the current price of $1.72.
📈 Technicals:
🔸 MACD: The MACD has crossed its Signal line three times, with the most recent crossover indicating a bearish sentiment, yet the overall converging trend suggests bullish momentum, which contrasts with the current decreasing price trend.
🔸 RSI: The RSI, averaging at 43.47 and maintaining a neutral trend, suggests a bearish market sentiment with the potential for continued price declines, as it aligns with the current downtrend in prices.
🔸 OBV: The OBV shows a decreasing trend, which aligns with the falling price trend, suggesting sustained selling pressure and confirming the bearish market sentiment.
🔸 Bollinger Bands: The Bollinger Bands for the asset are contracting, signaling decreased market volatility, with the price having breached the lower band twice, indicating a potential bearish trend and possible oversold conditions.
