$ARB is up 32% in just 14 hours 🚀
Currently short-term correction is now underway as buyers take some profit. The key question is whether ARB can find a base around the nearby support zone $0.108–$0.105
If this zone holds, I’m watching for a bounce back toward:
• $0.120–$0.122 → key resistance
• $0.130–$0.133 → breakout zone
• $0.140–$0.150 → further extension if bulls regain strong momentum
🔻 Bearish scenario
If buyers lose control around $0.105–$0.104, the correction could extend toward $0.100 → $0.097 → $0.090 → $0.085
The chart is still structurally bullish after the massive breakout, but momentum has cooled sharply — MACD is turning down and RSI is falling from overbought levels.
So right now:
Hold $0.105 → bounce setup remains alive 🟢
Lose $0.104 → deeper correction likely 🔻
After explosive move , chasing the pump is risky. Wait for the reaction at support.
#Arbitrum
Currently short-term correction is now underway as buyers take some profit. The key question is whether ARB can find a base around the nearby support zone $0.108–$0.105
If this zone holds, I’m watching for a bounce back toward:
• $0.120–$0.122 → key resistance
• $0.130–$0.133 → breakout zone
• $0.140–$0.150 → further extension if bulls regain strong momentum
🔻 Bearish scenario
If buyers lose control around $0.105–$0.104, the correction could extend toward $0.100 → $0.097 → $0.090 → $0.085
The chart is still structurally bullish after the massive breakout, but momentum has cooled sharply — MACD is turning down and RSI is falling from overbought levels.
So right now:
Hold $0.105 → bounce setup remains alive 🟢
Lose $0.104 → deeper correction likely 🔻
After explosive move , chasing the pump is risky. Wait for the reaction at support.
#Arbitrum
