$ARB Potential Reversal - Arbitrum Eyeing a Bounce?

$ARB has recently bottomed out at 0.4715 after a drop from 0.5445, currently trading at 0.4775 with signs of stabilization. The 1H chart shows a possible double bottom near $0.4715, with a slight uptick in volume and a rejection of lower prices, suggesting early bullish interest in this Layer 2 token.

Trade Setup (Long)

• Entry Zone: $0.478 – $0.482

• Stop Loss: Below $0.470

• TP1: $0.490

• TP2: $0.500

• TP3: $0.510 (extended target)

Market Insight:

Volume is picking up on the recent bounce, with MA(5) attempting to cross above MA(10), indicating a potential shift in momentum. A close above $0.480 could confirm bullish intent, targeting resistance at $0.490. However, broader market conditions and a hold above $0.4715 are critical—watch the next 1H candle for strength.

Buy and trade $ARB here👇🏻

#ARB #ArbitrumBOLD #InsightBulletin #REVABinanceTGE #PowellWatch