Here's the latest analysis update for ARUSDT:
Current Trend and Price
ARUSDT is currently trading around $20-$30, with a potential breakout on the 4-hour time frame.
Technical Analysis
The Relative Strength Index (14) is neutral, while the Stochastic %K (14, 3, 3) is showing a buy signal. AR's price has dropped 67% from its peak and is now trading at its major support zone, where we can expect a bounce.
Trade Ideas
- Long Position: Consider buying ARUSDT around $20-$25, targeting $30-$40.
- Short Position: Avoid shorting due to the strong bullish momentum.
Key Levels to Watch
- Support Areas: $15.394-$16.022, $20, and $22
- Resistance Levels: $25.04, $30, and $40
Market Sentiment
The overall market sentiment for ARUSDT is bullish, with some analysts predicting a potential breakout above the resistance level.