- Rising Response: ARB shows a buying response from the $0.9845 support level; long-term spot investments can be considered if a decline occurs in the range of $0.8974 – $0.8535.
- Downtrend: ARB may continue its downward trend unless it closes daily above $1.20. Coinotag Analysts recommend the support range of $0.8974 – $0.8535 for long-term purchases.
- Targets and Risks: If ARB rises from the support, it may set targets at $1.20 and $1.35. However, closures below the support level can strengthen the downtrend. It is important to pay attention to closures below the $0.85 support.
ARB is showing an upward movement with a buying response from support levels. The specified support range is crucial in the event of a decline for long-term investments. However, the downtrend may persist unless there is a closing above $1.20.
MEDIUM-TERM ARB ANALYSIS
When examining the daily technical chart of ARB, it is observed that it is attempting to rise with a buying response from the significant support zone at the $0.9845 level. In the event of a decline to the specified range of $0.8974 – $0.8535, long-term spot investments may be considered according to the analysis.
If ARB price fails to close daily above the $1.20 level, it is inclined to continue the downtrend towards the support range of $0.8974 – $0.8535. Therefore, Coinotag Analysts indicate that the support range of $0.8974 – $0.8535 is more favorable for long-term spot purchases.
If ARB coin initiates an upward movement from the specified support range, it may aim to reach targets of $1.20 and then $1.35. However, if it closes below the specified support level, it could sustain the downtrend. Hence, investors should pay attention to closures below the $0.85 support.
Coinotag Analysts mention that they will update the analysis if there are closures below the specified support region.
