The token #ARB surged by 46 percent and reached the $0.1940 mark after an impulsive rise with a peak at $0.2066. Elevated trading volume of 638 million ARB confirms strong buyer interest.
Consolidation is now taking place on the hourly chart. The price has held above the Bollinger middle line at $0.1826 and the Supertrend level at $0.1699. RSI values have fallen to around 60 points, which has removed critical overbought conditions and gives potential for a new move.
If buyers hold the $0.1820 level, another attempt to break the $0.2066 high is likely, with a target move toward $0.2200 at the upper Bollinger band. Otherwise, a pullback to support at the EMA 25 level around $0.1775 is possible.
$ARB
Consolidation is now taking place on the hourly chart. The price has held above the Bollinger middle line at $0.1826 and the Supertrend level at $0.1699. RSI values have fallen to around 60 points, which has removed critical overbought conditions and gives potential for a new move.
If buyers hold the $0.1820 level, another attempt to break the $0.2066 high is likely, with a target move toward $0.2200 at the upper Bollinger band. Otherwise, a pullback to support at the EMA 25 level around $0.1775 is possible.
$ARB
