Steady Growth Within Descending Channel

Over the past month, the price of ARB has been steadily increasing. Initially, it received positive support around $1.10, and buyers were able to push it up to $1.34. There is a descending channel pattern in the chart, and currently, the price is still trading within this channel. It seems that whenever the price reaches the upper limit of the channel, it encounters resistance, which has prevented further growth for now.

Looking at the daily time frame, there is a noticeable price range. If the support level at $1.10 is broken and the price drops to $1.055, there is a possibility that it may continue to decline further to around $0.97.

In summary, ARB's price has been on the rise, but it's currently constrained within a descending channel, with resistance at the upper boundary. If the support level at $1.10 is broken, we might see a decline in the price to around $0.97.