Current Range: $0.4867 - $0.5447 The price is currently consolidating within this range, showing signs of a potential breakout.
Technical Analysis
Support Level: $0.4867 — Strong demand zone where buyers are stepping in.
Resistance Level: $0.5447 — Sellers are actively defending this level.
Indicators to Watch
RSI: If below 30, indicates oversold conditions; if above 70, indicates overbought conditions.
MACD: A bullish crossover could signal upward momentum.
Volume: Increasing volume near resistance may confirm a breakout; decreasing volume may indicate consolidation.
Potential Scenarios
1️⃣ Bullish Breakout: If ARC/USDT breaks above $0.5447 with strong volume, next resistance could be around $0.5800. 2️⃣ Bearish Breakdown: A fall below $0.4867 may trigger a drop toward $0.4500 or lower.
Trading Strategy
✅ Entry Point: Consider buying near $0.4900 with a stop loss below $0.4800. ✅ Profit Target: Set initial targets at $0.5300 and $0.5800. ❗ Stop Loss: Ensure risk management by placing a stop loss 3-5% below entry.
Stay vigilant for volume surges and market sentiment shifts for optimal entry/exit points.
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