🔥 The ARB token challenges the market.. Is the rise sustainable or a trap for upcoming tokens? 🤔🚀
The ARB token registers a strong increase of nearly +16%, with active trading of around 310 million dollars daily, amidst strong trading activity with a TVL exceeding 2.38 billion dollars.
📊 Technical indicators draw a 'falling wedge' pattern suggesting the possibility of a price wave that could reach $0.56, with initial resistance at $0.51 and critical support at $0.36.
⚠️ However.. the upcoming release of 92.65 million tokens may put pressure on the price, necessitating caution and careful monitoring of support levels.
🎯 Decision:
⚡️ Breaking $0.36 = bullish breakout
⚡️ Failure to hold = strong correction potential
The market today seems to be at a crossroads, will you seize the opportunity or stay away out of fear of surprises?
Technical analysis alone is not enough... savvy is a must.
