ARB: Accumulation before a breakout or a prolonged decline?
Arbitrum (ARB) continues to test the patience of holders, trading near the critical zone of 0.90-0.10. Despite strong ecosystem metrics and growth in the RWA sector, the chart looks heavy due to ongoing disputes.
Key figures for today:
* Support: 0.090 - the main bastion. As long as we hold, the chances for a long position remain.
* Resistance: 0.100 - psychological barrier. A consolidation above opens the way to 0.12+.
* RSI: Indicates local oversold conditions.
My conclusion: ARB right now is a classic asset with a high beta coefficient (heavily dependent on BTC movement). I consider a long position only if it holds at 0.095 or on a breakout at 0.101 with a tight stop.