ARB/USDT Analysis โ€“ Potential Breakout Ahead?

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๐Ÿ“… Timeframe: 1D
๐Ÿ’ฐ Current Price: $0.3559 (+5.33%)
๐Ÿ“Š Volume Spike: 389.18M

ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.

๐Ÿ“ˆ Key Levels:

Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)

Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed

Support: $0.33 - $0.34 range


๐Ÿง  Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.

๐Ÿ›‘ Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.

๐Ÿ“Œ Watch for:

Break and retest confirmation

Volume confirmation on breakout

RSI and momentum support


๐Ÿ“‰ Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView

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