ARB/USDT Analysis – Potential Breakout Ahead?

📅 Timeframe: 1D
💰 Current Price: $0.3559 (+5.33%)
📊 Volume Spike: 389.18M

ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.

📈 Key Levels:

Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)

Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed

Support: $0.33 - $0.34 range


🧠 Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.

🛑 Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.

📌 Watch for:

Break and retest confirmation

Volume confirmation on breakout

RSI and momentum support


📉 Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView