$ARB Attempting Recovery from Intraday Low
Arbitrum (ARB) is trading at $0.5266 (-0.90%), recovering modestly after dipping to the day’s low of $0.4965. The bounce from the $0.5170 support zone shows some buyer resilience, with the order book slightly favoring the bulls at 52.37% buy-side activity.
Key Levels to Watch
• Resistance: $0.5400 — $0.5600 — A confirmed breakout could target $0.5825 and $0.6000.
• Support: $0.5170 — Losing this level may expose $0.5000 and $0.4965.
Trade Setup
Bullish Scenario:
• Condition: Strong 15M or 1H close above $0.5400.
• Targets:
• TP1: $0.5600
• TP2: $0.5825
Bearish Scenario:
• Condition: Break below $0.5170 with volume.
• Targets:
• TP1: $0.5000
• TP2: $0.4965
ARB is showing a quick rebound from its session lows, but the upside momentum will only solidify if buyers push above $0.54 with strong volume. Otherwise, consolidation between $0.5170–$0.5400 could dominate short-term action.