财经少华
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Research ARB
If ARB breaks through the $0.794 resistance level within the descending triangle, it will surge 46%. The target is $1.045.
Breaking the resistance level could lead to a 46% price increase, making ARB's next move the focal point, as the price is currently consolidating near a key support level, it is advisable to pay attention to the critical price reactions.
Currently, ARB is trading at $0.725, with a 24-hour trading volume of $660 million, reflecting a decline of 3.51% over the past day.
ARB has also experienced a 3.24% decline over the past 7 days, with a current market capitalization of $3.05 billion and a circulating supply of 4.3 billion ARB tokens.
ARB shows bearish pressure, with prices consolidating near the $0.6756 support level, which is crucial for stability.
Failure to maintain above this level could push the price down, potentially testing the psychological support level of $0.6500.
Despite the bearish signals, the likelihood of breaking out of the descending triangle remains high.
Projected upward targets are $1.0690, $1.3053, and $1.5804, provided that ARB can break above the resistance level.
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If ARB breaks through the $0.794 resistance level within the descending triangle, it will surge 46%. The target is $1.045.
Breaking the resistance level could lead to a 46% price increase, making ARB's next move the focal point, as the price is currently consolidating near a key support level, it is advisable to pay attention to the critical price reactions.
Currently, ARB is trading at $0.725, with a 24-hour trading volume of $660 million, reflecting a decline of 3.51% over the past day.
ARB has also experienced a 3.24% decline over the past 7 days, with a current market capitalization of $3.05 billion and a circulating supply of 4.3 billion ARB tokens.
ARB shows bearish pressure, with prices consolidating near the $0.6756 support level, which is crucial for stability.
Failure to maintain above this level could push the price down, potentially testing the psychological support level of $0.6500.
Despite the bearish signals, the likelihood of breaking out of the descending triangle remains high.
Projected upward targets are $1.0690, $1.3053, and $1.5804, provided that ARB can break above the resistance level.
Follow me for more cryptocurrency information and consultations.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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