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TronWeekly

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Arbitrum (ARB) Bounces from Support: Will It Reach $0.670 or Fall Back?

  • Arbitrum (ARB) bounces from support, forming a descending channel with potential for breakout and price increase.
  • Breaking the upper boundary of ARB’s descending channel could push the price to key resistance levels of $0.380–$0.670.
  • RSI at 45 signals neutral market conditions, but upward momentum could push ARB into bullish territory for a breakout.
  • Traders should closely monitor the price levels and technical analysis of ARB to determine if a breakout or consolidation is imminent.

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