$ARB has breached its ascending channel on the daily chart, signaling a potential shift in market dynamics.

Currently, $ARB is testing a critical demand zone between $0.7350 and $0.7850. Historically, this region has provided substantial support, previously catalyzing a price surge exceeding 150%. This historical precedent suggests a possibility of renewed support at this level.

Despite this, bearish momentum remains pronounced. Should the price fall below the current demand zone, the likelihood of continued decline increases, potentially driving $ARB towards the next significant support range of $0.5000 to $0.5300.