ARB is currently trading around its 20-day EMA, a level that has been acting as a short-term support. Price action has consolidated near this zone, showing signs of weakening momentum.
If ARB breaks below the 20-day EMA, it could trigger further downside pressure, opening the door for sellers to test lower support levels. Bulls will need to defend this area to maintain the current structure.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.