Current Technical Analysis of Arbitrum (ARB) based on the latest data and technical indicators as of May 23, 2025:
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📊 Current Price Overview
Current Price: $0.428
Highest Price of the Day: $0.443
Lowest Price of the Day: $0.421
Market Cap: Approximately $2.08 billion
24-hour Trading Volume: Over $308 million
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📈 Key Technical Indicators
✅ Moving Averages
5-Day Average: $0.39 – Buy Signal
10-Day Average: $0.41 – Sell Signal
20-Day Average: $0.38 – Buy Signal
50-Day Average: $0.34 – Buy Signal
100-Day Average: $0.37 – Buy Signal
200-Day Average: $0.57 – Sell Signal
🔄 Momentum Indicators
Relative Strength Index (RSI): 55.31 – Neutral State
MACD Indicator: 0.02 – Buy Signal
ADX Indicator: 19.20 – Buy Signal
Williams %R Indicator: -52.91 – Buy Signal
CCI Indicator: 25.99 – Neutral State
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📉 Overall Trend and Structural Analysis
Overall Trend: Since December 2024, ARB has been in a clear downtrend with a series of lower highs and lows.
Market Structure Shift (MSS): A market structure shift has recently occurred, indicating a potential change in momentum.
Descending Channel Pattern: ARB is following a descending channel pattern on the daily chart, with phases of accumulation, rise, distribution, and selling.
Current Uptrend Phase: Currently, ARB is in an uptrend phase at $0.43, after rebounding from support at $0.35.
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🔍 Support and Resistance Levels
Main Support: $0.35
Next Resistance: $0.43
Fibonacci Levels:
S1: $0.37
Pivot Point: $0.39
R1: $0.41
R2: $0.43
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📌 Technical Recommendation
Based on current indicators, ARB shows mixed signals with a slight bias towards buying. While some moving averages indicate buy signals, longer-term averages such as the 200-day average indicate sell signals. Momentum indicators like MACD and Williams %R support buy signals, while RSI and CCI are neutral.
Investors are advised to monitor the mentioned support and resistance levels and use appropriate risk management strategies.