$ARB Analysis*
- *Current Price:* $1.1849
- *Range-bound Movement:*
- Range Low: $1.1362 (recent support)
- Range High: $1.2596 (recent resistance)
- *Bullish Breakout Potential:*
- A decisive close above $1.2596 could ignite a bullish rally, with potential targets at:
- $1.3000 (Fibonacci extension level)
- $1.3200 (next resistance level)
- For bullish entries, traders might consider buying around: $1.1779 (EMA level)
- *Bearish Breakdown Scenario:*
- A sustained drop below $1.1362 could trigger a selloff, with potential support zones at:
- $1.1000 (Fibonacci retracement level)
- $1.0800 (major support level)
- For bearish entries, traders might consider selling around:$1.1362 (breakdown level)