$ARB - 💥💥💥 Arbitrum

In the daily chart of ARB/USDT, the asset has shown strong recovery since the bottom at 0.3611, reaching the peak at 0.6246. Currently, it is at 0.5157, in correction after losing buying strength.

Supports:

• 0.4973 (recent low, immediate support).

• 0.4639 (region near MM25, intermediate support).

• 0.4030 (MM99, stronger support).

Resistances:

• 0.5364 (recent high).

• 0.5798 (previous peak).

• 0.6246 (main resistance and highest peak).

The price still remains above MM25 and well away from MM99, suggesting that the medium-term uptrend continues. The RSI(12) at 51.7 indicates a neutral zone, with no overbought condition. The volume has decreased after the price peak, showing caution from buyers.

Conclusion: as long as 0.4973 holds as support, the scenario remains one of moderate bullishness. Breaking 0.5364 may lead to a retest of 0.5798 and 0.6246. Losing 0.4639 weakens the trend.