$ARB Update – Bouncing Back After a 6.39% Dip! 🚨

ARB is trading at $0.6924, down 6.39%, but showing signs of recovery with a bounce from the low of $0.6709. Is the worst over for ARB? Let’s break it down! 🔍

Market Highlights:

1. Key Moving Averages:

• MA(7): $0.6904 – Immediate short-term support reclaimed.

• MA(25): $0.7021 – Mid-term resistance to watch closely.

• MA(99): $0.6848 – Long-term trendline holding steady.

2. Support & Resistance Levels:

• Support: $0.6850 and $0.6709.

• Resistance: $0.7021 and $0.7560.

3. Volume Activity:

• A 24-hour volume of 119.42M ARB paired with 84.45M USDT shows steady market interest despite volatility.

Technical Outlook:

• The dip to $0.6709 sparked strong buying interest, as seen in the bounce.

• A move above $0.7021 could reignite bullish momentum, targeting $0.75+.

• Failure to hold $0.6850 may test lower supports.

Strategy:

• Bullish Play: Watch for a breakout above $0.70 to target $0.75.

• Bearish Play: If $0.6850 fails, be prepared for $0.65 retests.

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