$ARB is currently at 0.1953, with the 24h high of 0.1977 just two ticks overhead. It’s up 11.86% today, with 17M in trading volume. But over the past hour, the price has dipped 0.26%, and volume is only 0.6 times the hourly average—the upward momentum and buying support aren’t keeping pace with the rally.
What I haven’t figured out yet is: how significant is 17M in volume for a market like ARB? If that counts as a surge in volume, then breaking 0.1977 would mark a new starting point. If it’s just normal turnover, then the rise from 0.1712 to today’s high was essentially driven by a handful of trades.
#ARB #BinanceSquare #Crypto
What I haven’t figured out yet is: how significant is 17M in volume for a market like ARB? If that counts as a surge in volume, then breaking 0.1977 would mark a new starting point. If it’s just normal turnover, then the rise from 0.1712 to today’s high was essentially driven by a handful of trades.
#ARB #BinanceSquare #Crypto