$ARB Current price: $0.8925, down 4.98% in the past 24 hours.

Lowest price of the day: $0.8921, indicating strong selling pressure.

Trading volume: 155.66 million USDT, an increase compared to before, meaning there is strong participation from the market.

Technical analysis:

1. Moving Averages (MA):

• MA(7): $0.9208

• MA(25): $0.8863

• MA(99): $0.7944

• Price has fallen below MA(7) and is approaching MA(25).

• If the price breaks below MA(25), the market may test the $0.80 - $0.82 range.

2. RSI Index:

• RSI(6): 32.50 (approaching oversold territory).

• RSI(12): 52.45 (downtrend).

• RSI(24): 58.92

• Short-term RSI indicates the market is nearing oversold territory, with the potential for a short-term recovery.

3. Liquidity and Selling Pressure:

• Trading volume is increasing, but selling pressure still dominates (based on the buy/sell ratio).

• This is a strong bearish signal, especially when high volume accompanies falling prices.

Key levels:

Support:

1. $0.892 (current low).

2. $0.880 - $0.885 (strong support near MA25).

3. $0.800 - $0.810 (strong support, near MA99).

Resistance:

1. $0.91 - $0.92 (MA7, short-term resistance).

2. $0.95 (previous high).

Next scenario:

1. Downtrend:

• If the price breaks below $0.892, the next target will be $0.880 and further down at $0.800.

• Further decreases in RSI will confirm a continued downtrend.

2. Short-term Recovery:

• If the price holds above $0.892 and RSI bounces back from the oversold region, a recovery to $0.91 - $0.92 may occur.