$ARB
ARB/USDT – Close to support and monitoring for upcoming movement
The Arbitrum ($ARB ) token is currently trading at 0.4487 after a gradual decline, and it seems to be approaching an important technical support level at 0.4399, which was a previous low.
Technical Indicators:
RSI (6) at 34 → Near the oversold area.
MACD is currently negative, but it is starting to slow down which may precede a reversal.
The Bollinger Bands are narrowing → indicating a potential price explosion.
Opportunity:
If the price bounces from the level of 0.44 with the appearance of a strong reversal candle + volume support, it could be a good entry opportunity for quick speculation.
When do we enter?
No entry now.
We only monitor any clear bounce from the support + confirmations from RSI and MACD.
Are you also watching ARB? When do you expect the bounce?
