AR/USDT ($17.77) has shown signs of rebound in recent trends, but is still in a stage of shock adjustment. The following is an analysis of key points and trend forecasts:
Support and resistance
• Support level: $17.37
• Resistance level: $18.96
Trend forecast
After AR rebounded from the low of $14.31, it is currently close to the 7-day moving average and is trying to break through the 25-day moving average ($18.67). The trading volume has slightly increased, and the MACD indicator has formed a golden cross, indicating that short-term bullish sentiment has increased.
Suggested direction: Bullish, if it breaks through the $18.96 resistance level, it is expected to further test the $20.00 area.