📢ARB price increased and may retest $1.10 soon.

On looking at the ARB/USD 4-hour chart, it may seem that the token could be ready for another increase. This was because the Moving Average Convergence Divergence (MADC) had increased to 0.0059.

Also, the 12-day EMA (blue) had flipped the 26-day EMA (orange), suggesting increasing bullish momentum. Although ARB had dropped to $1.05, an increase in buying pressure could lead the cryptocurrency above $1.10.

But that would only happen if bulls are able to defend the $1 support, and buying pressure overwhelms the resistance at $1.05.

$ARB