📊 Technical Analysis of ARB/USDT: Is a Bounce at Hand?
ARB/USDT has maintained an upward trend within a defined channel since early November. Currently, it is at a critical zone that could determine its next direction.
🔎 Key Points of Technical Analysis (4H):
▪️ Resistance: 1.2384 USDT.
▪️ Key Support: 0.9883 USDT (trend line + EMA 50).
▪️ EMAs: The price remains above the EMA 200, confirming a long-term bullish trend.
▪️ The stochastic indicator shows oversold conditions, suggesting a possible bounce if selling pressure decreases.
🌐 Fundamental Aspects:
1️⃣ Growth in the use of Arbitrum in DeFi and dApps.
2️⃣ Expanding ecosystem.
3️⃣ Stability in BTC and ETH that supports ARB liquidity.
📈 Possible Scenarios:
✔️ Bullish: Bounce from 0.9883 towards 1.10 - 1.20 USDT.
❌ Bearish: Break below EMA 50 with a projection to 0.80 USDT (EMA 200 as support).
⚠️ Monitor volume and price action to confirm movements.
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