Arbitrum’s Breakout Failed, but a Key Indicator Says the Rally Isn’t Dead
2025-07-19 13:00:51
Main Idea
Arbitrum (ARB) failed to sustain a breakout above $0.49 but retains bullish momentum indicators, suggesting potential recovery if support levels hold.
Key Points
1. ARB dropped below $0.46 after a failed breakout attempt near the $0.49 resistance level, with trading volume declining by 11.67%.
2. Despite the price drop, key indicators like RSI (72.09) and MACD (0.0313 above signal line) remain bullish, signaling possible upward momentum if support is maintained.
3. ARB's market capitalization stands at $2.34 billion, with a circulating supply of 5.15 billion tokens out of a total of 10 billion.
4. The next major price movement for ARB will depend on whether bullish indicators can overcome current selling pressure and stabilize the price.
Description
ARB drops below $0.46 after brief breakout fails near $0.49 resistance level. Trading volume falls 11.67% as sellers regain control of short-term market trend. RSI and MACD remain bullish, signaling possible recovery if support levels hold. Arbitrum (ARB) attempted a major breakout on Friday but was sharply rejected at a key resistance level, causing the price to fall back into consolidation. However, key momentum indicators remain bullish, suggesting the upward trend that has been building for ...
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