ARX Accumulation Phase: Is a Breakout Imminent? 📈
After a sharp markdown from its late-June high of $0.50,
$ARX found a floor in the $0.10–$0.11 zone in mid-August. We are now seeing a notable shift in market structure: price action is transitioning from aggressive selling to range-bound consolidation.
Current Structural Developments
Higher Lows Defended: Price has stopped printing lower lows and is steadily making higher lows within a $0.11–$0.16 trading range.
Range Resistance Test: Trading around $0.149,
$ARX is testing the upper boundary of this range after a recent sweep toward $0.16.
Volume Profile: Selling pressure is noticeably drying up on pullbacks, indicating that buyers are absorbing supply at higher levels.
What Needs to Happen Next?
While the daily and 4H charts suggest an early post-markdown accumulation, structural confirmation requires a clear transition into the markup phase:
Sustained Higher Lows: Dip buyers must continue to step in above $0.12–$0.13.
Key Breakout: A decisive daily close above $0.16 resistance.
Volume Expansion: Increased buying volume during the breakout to validate real demand over a fakeout.
Trading Insight: Newly listed tokens often chop inside a range for extended periods before establishing a clear direction. Until $0.16 breaks with conviction, this remains an early, unconfirmed setup. Confirmation beats anticipation.
What are your thoughts on the
$ARX chart? Are you accumulating here or waiting for the $0.16 breakout confirmation? Let me know below! 👇
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