Previously, ARB was sold by large investors and hit a new low in the near future, and funds were obviously transferred to OP. Currently, the market is rebounding due to the deep decline of BTC and ETH. Indeed, OP's rebound speed and strength are faster than ARB's.
However, as the mainstream currencies rebounded and reached the previous wave of pressure hold-up areas, the market began to fluctuate, and the market was accompanied by shock positions. On the contrary, ARB has shown a trend of compensating for the increase. You can carefully observe that the recent trend of ARB is better than that of OP. However, the depth of ARB's current decline and the strength of its rebound have not even broken through the downward trend line connecting the recent highs.
Judgment of the market outlook The overall market rebound will continue after the recent shakeup and cleaning up of chips. Therefore, ARB still believes that the supplementary increase will continue or even accelerate in the future.
Some time ago, the price dropped to $0.739, which happened to hit the middle track of the downtrend channel. It is predicted that the rebound will advance towards the upper track of the downtrend channel. It currently breaks above the 12-hour MA (25) price of $0.8291, and has a chance to rebound to a price of around $1. We can observe whether the strength of the rebound in the market outlook will lead to a short squeeze trend!