ARB USDT
2024-09-25

ARB has just broken above the Descending Channel after a solid push from the support zone at $0.4565 to $0.4786 marked in Red . This is a significant move, as ARB has been consolidating between support zone in Red and the resistance zone at $0.6238 to $0.6390 from approximately 54 days, and approximately trading within the descending channel from 184 days.

The price of ARB has to break above the resistance zone in Blue for bullish moves. If it clears this zone, the next target will be the major resistance zone at $0.8263 to $0.9312, which could potentially ignite a strong upward rally.

If ARB loses momentum, we could see a pullback to retest the descending channel upper trendline or the support zone in Red.

