$ARB price has increased roughly 5.9% in the past 24 hours, driven by positive real-world adoption news such as Wyoming launching a stablecoin on Arbitrum, highlighting growing institutional interest.
Technical indicators show a mixed picture:
EMA (Exponential Moving Averages) alignment suggests a bullish trend in the short term.
However, the MACD recently showed a bearish crossover, and RSI has retraced down from overbought levels, indicating a possible short-term pullback or consolidation phase.
Some moving averages (like SMA and EMA on 10 and 20 periods) are bullish, but others such as the MACD signal caution for an immediate rally.
This suggests that while ARB might face some short-term consolidation or slight downward pressure, the overall trend still leans slightly bullish near term due to strong fundamentals and EMA support. Traders might expect some oscillation before a clearer directional move
Suggestion: Short ARB ( consolidation)
