The ARB coin is currently trading at a level close to $0.51 after recording a notable daily increase of about +4.6%, reflecting new liquidity and renewed buying interest. In the last few hours, the price moved between $0.474 - $0.518, indicating clear buying strength at the bottom areas with ongoing attempts to break the nearby resistance.
Technical indicators:
The Relative Strength Index (RSI) is moving in the mid-range with an upward tilt, reflecting an increase in buyer strength but without being overbought yet.
The 50-day moving average forms dynamic support at levels close to $0.48, which gives positive signals in the short term.
The MACD shows a slight bullish crossover supporting the continuation of the positive trend if prices maintain the current upward pace.
Support and resistance levels:
The main support is between $0.48 - $0.46.
The nearby resistance is at $0.52, then a stronger level at $0.56.
The forecast is that if ARB succeeds in stabilizing above $0.50, we may witness an attempt to break the $0.52 level, which could open the way towards $0.56 - $0.60. However, if it fails and drops below $0.48, the price may retest the $0.46 area, which represents a pivotal support.
In summary, the ARB coin is moving in a short-term positive trajectory supported by buyers, and the strongest scenario currently remains upward as long as it stays above $0.50.
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