⚠️ Arbitrum added $127 million in stablecoins, but $ARB isn't rising: why doesn't the market believe? 🤔
In 24 hours, Arbitrum saw the largest stablecoin inflow of any network (+$127 million). But the token price hasn't felt the impact: two days ago, $ARB plunged to 0.163, and now it has bounced back only to 0.185. Network activity doesn't always mean demand for the token itself.
On the daily chart, the price is running into the EMA 7 and EMA 25 (0.189), while the MACD remains below the signal line with a growing red histogram. The bounce came from 0.164 (Fib 0.5), and the price is now near Fib 0.382. To keep rising, it needs to reclaim 0.19—but so far, it hasn't managed to.
🎯Setup: 🔻
Entry: 0.188 – 0.190
Stop: 0.199
TP1: 0.173
TP2: 0.164
TP3: 0.144
What do you think—will $ARB hold 0.17, or will we see 0.14 again?
#Arbitrum #crypto #Trading
In 24 hours, Arbitrum saw the largest stablecoin inflow of any network (+$127 million). But the token price hasn't felt the impact: two days ago, $ARB plunged to 0.163, and now it has bounced back only to 0.185. Network activity doesn't always mean demand for the token itself.
On the daily chart, the price is running into the EMA 7 and EMA 25 (0.189), while the MACD remains below the signal line with a growing red histogram. The bounce came from 0.164 (Fib 0.5), and the price is now near Fib 0.382. To keep rising, it needs to reclaim 0.19—but so far, it hasn't managed to.
🎯Setup: 🔻
Entry: 0.188 – 0.190
Stop: 0.199
TP1: 0.173
TP2: 0.164
TP3: 0.144
What do you think—will $ARB hold 0.17, or will we see 0.14 again?
#Arbitrum #crypto #Trading