Quick Analysis of Arbitrum Coin – Is it Time for a Rebound?

🔍 The $ARB coin has experienced selling pressure over the past few days, but signs of technical support are starting to appear at the $0.87 level, which represents a previous rebound in price movement.

📈 Technical Indicators:

RSI: In the oversold area (<30)

Bollinger Bands: The price is breaking the lower limit and indicates a potential correction soon.

MACD: A positive crossover signal is imminent on the hourly timeframe.

💡 My Opinion: It could be a good opportunity for a short-term rebound provided it holds above $0.87. Breaking it may push the price down to the $0.82 levels.

🖼️ Suggested Image: A simple chart showing support and resistance areas ($0.87$ - $0.94)

❓Interactive Question: What do you think about the $ARB movement? Do you expect a rebound soon or further decline?

#Arbitrum #Technical_Analysis #BinanceSquare