The price of Arbitrum shows that the ARB/USD pair is currently in a bearish trend. The market has been in a downtrend since the beginning of today. Although yesterday was bullish, the bears managed to take control of the market and push the price down to $1.15. Therefore, ARB/USD is ready to decline further and push back toward $1.14 support. Resistance for the Arbitrum price analysis is set at $1.18, and support is found at $1.14, either of which can be broken depending on the market. The MACD indicator is currently in the bearish zone as the signal line is above the MACD line. The relative strength index (RSI) indicator for the ARB/USD pair is currently at 42.26.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments