$ARB Spot trading picked up noticeably in the afternoon, with matched trades nearing $680,000—more than five times the average for the previous four hours.
Spot closed at $0.1976 on the 15-minute timeframe, moving above the previous range ceiling of $0.1965.
Buyers accounted for more than 60% of active intraday trades, driving the price out of a prolonged low-level consolidation that had lasted several hours.
The range breakout will only be effectively confirmed if the price can hold above $0.1965 going forward; if it falls back below that level, the short-term spike will return to the previous range-bound trading pattern.
Spot closed at $0.1976 on the 15-minute timeframe, moving above the previous range ceiling of $0.1965.
Buyers accounted for more than 60% of active intraday trades, driving the price out of a prolonged low-level consolidation that had lasted several hours.
The range breakout will only be effectively confirmed if the price can hold above $0.1965 going forward; if it falls back below that level, the short-term spike will return to the previous range-bound trading pattern.