Bulls face resistance at $1.42, but indicators suggest positive sentiment and potential for a reversal. Read more on CE.
- ARB faces resistance at $1.42 and finds support at $1.34 during the last day.
- Expanding Bollinger bands suggest a possible reversal in the ARB market.
- Bullish sentiment may be on the horizon for ARB as it touches the lower Bollinger band.
Arbitrum (ARB) market was controlled by bulls in the previous 24 hours until lately encountering resistance at the intra-day high of $1.42. Due to the bull’s inability to break through the resistance level, bears grabbed market control and dropped the ARB price to a 24-hour low of $1.34. ARB was valued at $1.35, a 0.87% decrease from the previous day’s closing price, showing a pessimistic market mood.