$ARB Whale demand zone is the key, short-term adjustments cannot hide the long-term bullish trend!
ARB seems to be trading in the cup and handle mode, which is a good sign, generally indicating that it is going to rise sharply!
However, in order to really run, it must first find the demand zone that can make the whales excited.
Although ARB has been maintaining that momentum during this period, it has fallen a little bit. It has fallen by 14.28% in the past month, and it has also fallen this week and yesterday.
However, this is just a short-term small adjustment, and it will soon recover. If it continues to rise, the return will be more than a little bit.
Moreover, the current trend of ARB is like drawing a bullish pattern. Once it is finished, the price may soar to $1.5.
Of course, before that, it may have to fall again to find the demand zone between $0.74 and $0.659.
And according to AMBCrypto's analysis, the demand level on the chart is likely to boost ARB.
IOMAP shows that 13,200 addresses have hoarded 320,000 ARB, which is a very influential support level.
Once ARB enters this in-fund area, the price should go up.
Looking at the bull-bear ratio, the ratio of bullish and bearish whales is 39:49, with more bearish whales.
This means that bearish whales may push ARB down first and then come in to buy when the price is right.
Coinglass data shows that ARB's funding rate has increased, which means that long-term leveraged traders are dominating the market and the price is stable.
Although ARB has fallen a bit now, the overall sentiment is still bullish. This small drop is just a small episode before its big rise.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats. There is no problem in expecting more than 10 times the space. Like + leave a message, and I will lead you to layout the entire bull market!
