ARB/USDT Continue Downward Movement, Keep an eye on the demand!

٢٢ يناير

💎 ARB's market presence has recently been a focal point, especially following its new all-time high. However, ARB experienced a pullback, signaling a potential retest at a key demand area, previously acting as a supply zone. As ARB approaches this demand area, a rebound is crucial to prevent further downward movement and to aim for a recovery back to the supply area.

💎 Should ARB fail to hold this demand level during the retesting phase, and if it breaks below it, this would be a significant bearish indicator. Such a breakdown would confirm a continued downtrend, with the next critical level being the support area.

💎 This support level represents a pivotal point for ARB's bullish trend. A strong response, such as a rebound from this support, is necessary for ARB to maintain its upward trajectory.

💎 However, if ARB cannot regain and hold above this support, and instead breaks down further, it would likely signal a shift to a bearish trend. In such a scenario, there is a real possibility of ARB descending even lower, potentially setting new lower lows.