$ARB /USDT-Bullish reversal confirmed after breaking six-month consolidation

Current Price: $0.4944

Support Levels: $0.47–$0.48

Resistance Levels: $0.50–$0.53

Arbitrum has recently broken above key resistance levels that had capped price movement since February 2025, signaling the start of a potential new uptrend .

📊 Fibonacci Levels: 38.2% Retracement Target

Key Level: $0.53

Potential Target: $0.67–$0.70

Analysis: A successful break above $0.58 would likely trigger momentum buying, potentially pushing ARB toward the 0.618 Fibonacci retracement level of the recent decline from the 52-week high of $1.16 .

📉 RSI: Approaching Overbought Territory

Current RSI: 71

Interpretation: Approaching overbought conditions, suggesting possible consolidation or pullback .

🎯 Entry Zones

Safer Entry: Wait for a confirmed breakout above $0.53 with increased volume

Aggressive Entry: Enter near support at $0.47–$0.48 with a tight stop-loss

💰 Take-Profit Zones

TP1: $0.60

TP2: $0.67–$0.70

Analysis: A successful break above $0.58 could lead to momentum buying, pushing ARB toward the 0.618 Fibonacci retracement level of the recent decline from the 52-week high of $1.16 .

🚫 Stop-Loss Ideas

Conservative SL: Place below $0.45

Tight SL: Set just under $0.47

📌 Summary

Arbitrum is currently in a bullish reversal phase after breaking key resistance levels that had capped price movement since February 2025. The next key resistance levels to watch are at $0.53 and $0.58. A successful break above these levels could lead to further upward momentum, with potential targets at $0.60 and $0.67–$0.70. However, the RSI is approaching overbought territory, suggesting possible consolidation or pullback.