Rally

Arbitrum

Coin

<ul class="news-points"> 
 <li>Arbitrum (ARB) breaks resistance at $1.19, signaling strong bullish momentum.</li> 
 <li>CMF and RSI indicators hint at continued support for ARB/USD price.</li> 
 <li>Indicators point to a potential bearish pressure as stochastic RSI and MACD show mixed signals for ARBUSD.</li> 
</ul> 
After a negative trend gripped the <a href="https://coinedition.com/tag/arbitrum-arb/" target="_blank" rel="noreferrer noopener">Arbitrum (ARB)</a> market in the early hours today, support at $1.04 was tested but held firm. Consequently, bulls reclaimed control and pushed the price of ARB back up to its prior resistance level of $1.19. ARB was priced at $1.16 at the time of publication, reflecting an 8.51% increase from the support level.&nbsp; 
The swift price increase reflects substantial market purchasing pressure, implying that investors believe Arbitrum (ARB) can continue its upward trend. If the bullish trend breaks through the $1.19 resistance level, the next level to watch for is around $1.30.&nbsp; 
Breaking through this level offers up more upside potential for ARB, as it represents a substantial shift in market sentiment and entices more buyers. During the rally, ARB’s market capitalization and 24-hour trading volume increased by 8.67% and 17…
The post <a href="https://coinedition.com/arb-bulls-defy-bearish-pressure-will-the-rally-break-resistance/">ARB Bulls Defy Bearish Pressure: Will the Rally Break Resistance?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ARB Bulls Defy Bearish Pressure: Will the Rally Break Resistance?

Coin Edition

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