Alright team, checking in on $AR here.
Looks like we've had a pretty solid run-up over the past few days, breaking out of that range around the $5.00 - $5.20 mark. Bulls definitely in control right now.
We've pushed up to fresh local highs, hitting around $6.57 in the last 24 hours. Current price is holding strong at $6.45, up over 12% today.
Volume is looking healthy too, 1.49M AR traded in 24h, 9.14M USDT, which supports this move. It’s not a low volume pump.
Right now, we're seeing a bit of consolidation just under those highs. Key thing to watch is if we can hold this $6.20-$6.30 area as new support. If it does, we could see another leg up towards $6.80 or even $7.00.
If we break down from here, the old resistance at $5.70-$5.80 could act as support. Keeping an eye on that for sure.
Trade smart out there!