ARX (Arcium) – Has the buying force returned?
ARX is being traded around 0.2695 USDT after a sharp drop from the 0.4490 USDT zone. Currently, the price is trying to form a balance area after hitting a bottom near 0.2277 USDT.
Technical outlook
📌 1. Trend
- The main trend on the 4H timeframe is still bearish.
- However, selling pressure has shown signs of weakening as the price has continuously held the support zone of 0.23–0.25 USDT.
📌 2. RSI rebound
RSI has risen above 50, indicating that short-term momentum is improving. If RSI continues to hold above this level, the buyers could gain further advantage.
📌 3. Nearby resistance
The 0.28–0.30 USDT zone is an area to watch. If ARX breaks above it with a strong increase in trading volume, the recovery trend could be strengthened.
💬 In your opinion, will ARX break above the 0.30 USDT mark in the coming sessions, or will it continue to accumulate before taking its next move?
#BinanceSquare $ARX #ARX
ARX is being traded around 0.2695 USDT after a sharp drop from the 0.4490 USDT zone. Currently, the price is trying to form a balance area after hitting a bottom near 0.2277 USDT.
Technical outlook
📌 1. Trend
- The main trend on the 4H timeframe is still bearish.
- However, selling pressure has shown signs of weakening as the price has continuously held the support zone of 0.23–0.25 USDT.
📌 2. RSI rebound
RSI has risen above 50, indicating that short-term momentum is improving. If RSI continues to hold above this level, the buyers could gain further advantage.
📌 3. Nearby resistance
The 0.28–0.30 USDT zone is an area to watch. If ARX breaks above it with a strong increase in trading volume, the recovery trend could be strengthened.
💬 In your opinion, will ARX break above the 0.30 USDT mark in the coming sessions, or will it continue to accumulate before taking its next move?
#BinanceSquare $ARX #ARX