ARB: Is the Bearish Momentum About to Get Stronger? đ»đ
Arbitrum ($ARB ) has had a rough 15-minute ride, dipping to $0.5138 with a 0.73% decline. đŹ While the 7-MA ($0.5166) and 25-MA ($0.5189) are sitting just above the current price, theyâre showing no signs of strength, as ARB is trending below both key moving averages. This signals a clear short-term downtrend. đ
Whatâs interesting is the spike in volume at 695.65K, meaning that a lot of traders are getting out of positions, adding fuel to the bearish fire. đ„ The volatility indicator at 28.7% shows that things might get even shakier ahead.
For now, it looks like ARB needs some serious buying power to break out of this slump. Until then, itâs wise to remain cautious and keep a close eye on further dips! đ§ If it breaks below $0.51, expect an even deeper slide.
Feeling bearish or bullish? Let me know your thoughts in the comments, and donât forget to share this with your fellow traders! đ
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