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$ARB Shows Potential for Further Movement — Two Scenarios to Watch 📊
$ARB is currently in a solid uptrend, forming an ascending channel. The price has recently broken above the key $0.4400 resistance, and now the next critical zone to monitor is around $0.4680.
Bullish Scenario:
If $ARB maintains its bullish momentum and breaks above the current resistance at $0.5176, we could see a retest towards $0.4400 before the trend continuation.
A breakout from the channel could accelerate the move, signaling a strong continuation of the uptrend.
Bearish Scenario:
Alternatively, if the price fails to hold above, $ARB may retrace and test the lower end of the channel, which lies around $0.4400. A break below this support could lead to further downside, potentially retesting lower levels around $0.3000.
Keep an eye on volume and price action for confirmation of the breakout or rejection — these will be key to determining the next move for $ARB.