Arbitrum Price Analysis: ARB Sits Between Two Key Levels
Photo: Coindoo
ARB has exited its ascending channel ARB had previously advanced inside a clear ascending parallel channel. A sequence of lower highs and lower lows then pushed the price below the channel’s lower boundary, ending the immediate multi-week rising structure. After the channel break, ARB formed a descending resistance trendline connecting the swing high near $0.255 with lower reaction highs through late September and October. This trendline now defines the local downtrend. The latest daily candle pushed toward that diagonal resistance near $0.196 but met selling pressure, leaving an upper wick.
Source: Coindoo
