Technical Analysis of ARPA Coin:
✅ Support Zones:
1. 0.01823 – Strong support, previously bounced from it.
2. 0.01803 – Lowest low in the last candle, potential support if broken downwards.
✅ Resistance Zones:
1. 0.01981 – Convergence with the 25-period moving average (MA25), considered a nearby current resistance.
2. 0.02070 – 0.02101 – Strong resistance area, convergence with MA99 and MA10.
3. 0.02217 – Clear previous peak, considered a major resistance in the short term.
📉 Technical Indicators:
RSI (Relative Strength Index): at 36, indicating that the price is close to the oversold area, but has not fully reached it yet.
The price is currently below the moving averages (MA 25 and MA 99), indicating a downward trend at the moment.
The recent price action shows a slight rebound from the support at 0.01823, which may indicate an attempt to rise or at least a temporary correction.
📌 Is this a suitable time to buy?
🔸 The decision depends on your strategy type:
If you are a trader (short-term):
The price is close to strong support, and you can enter a trade provided you set a stop loss below 0.01800.
The first target will be at 0.01981, then 0.02070.
The risk-to-reward ratio is relatively low here, but make sure to use strict capital management.
If you are an investor (medium to long-term):
The overall trend is still bearish, and it is preferable to wait until breaking the resistance at 0.02100 or until stronger reversal signals appear.
