$AR is currently trading within a descending channel, nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern.
$AR has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $16.50–$14.50. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon.
If $AR fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $11.50.
