Arbitrum retraces September’s impulse move — Here are the key levels to watch!

Share

The Arbitrum (ARB) token shed 17.44% of its value over the past week, a decline greater than that of major crypto assets. Following September’s rally from $0.131 to $0.255, the current pullback remains within a bullish technical structure, although indicators point to capital outflows and significant selling pressure. The local demand zone is located at $0.162, while liquidity concentrations appear at $0.174, $0.205, $0.212 and $0.218. Bulls need to defend the $0.162 support and rebound above $0.17 to signal a recovery, while a break without a bullish reaction would delay the end of the correction.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items