š$ARC Breaks Out with Strong Volume! š
The $ARC Perpetual chart is signaling significant bullish activity! We've seen a solid +10.11% increase over the past 24 hours, with the price currently hovering around 0.02145.
Looking at the 30-minute timeframe, we can observe a clear breakout above previous resistance levels, accompanied by a substantial surge in volume at 491.65M.
This high volume during the price increase suggests strong conviction behind the move.
Notice how the price action has moved above the 7-period (yellow), 25-period (orange), and 99-period (purple) Moving Averages, further reinforcing the bullish sentiment in the short term.
Key points to watch:
Sustained Volume: Will the buying pressure continue to support this upward trend?
Resistance Levels: Keep an eye out for potential new resistance levels forming above the current price.
Moving Averages: The MAs could act as dynamic support levels if the price retraces.
What are your thoughts on $ARC next direction? Are you expecting further gains or a potential pullback? Share your analysis in the comments below! š
