While the entire market was awash in red, this one managed to turn green. $ARB is up over 2% today, currently around $0.167. Over the past 24 hours, it traced a big V between $0.15 and $0.168, with a market cap of about $1.15 billion. CoinCodex even named it its coin of the day. Those who had the nerve to buy near $0.15 yesterday are now sitting on unrealized gains of over 11%—$10,000 invested would be worth $11,100 today. Don’t forget, though, that it was still down about 20% over the past month. Is this just an oversold bounce, or is a real rally about to begin? The broader market is still struggling around $76,000. Countertrend coins are the ones most likely to attract capital, but before chasing the rally, take a look at this 30-day candlestick chart: that long red candle from late October hasn’t been recovered, and resistance is right ahead. #Arbitrum #ARB