🔄 $ARB (Arbitrum) Updated Market Analysis

$ARB is now priced at $0.35, marking a significant decline from previous levels, reflecting strong market correction pressure and lack of buying momentum. It’s currently consolidating near its multi-month low, which may present opportunities for bottom entries if support holds.

📉 Current Price: $0.35

📊 Support Zone: $0.33 – $0.30

🔼 Resistance Levels: $0.38 and $0.42

🛡 SL (Stop-Loss): $0.29

🎯 TP (Take-Profit):

– Conservative: $0.38

– Aggressive: $0.42

📌 Trend: Bearish overall, but sideways on the lower time frames.

📈 RSI is below 40, indicating oversold conditions – bounce possible.

🧠 MACD is still bearish; no strong buy signal confirmed yet.

🔍 Strategy Insight:

For high-risk traders, buying around $0.33–$0.35 could be an entry for a rebound play. Use a tight SL under $0.30. Watch Bitcoin for directional influence — any BTC bounce above $62K might spark recovery in altcoins like $ARB.

🧪 Leverage Caution: Max 3x if used, and always with risk control.