Arbitrum Price Clings to $0.16: Half the Rally Is Gone
Photo: Coindoo
Key Takeaways ARB down 3.13% near $0.16 on Binance Price sits on the 50% Fibonacci retracement Resistance cluster near $0.19: 38.2%, 50-day SMA Daily RSI at 40.34, below its signal line Half the rally is gone The Fibonacci grid runs from the swing low near $0.07 to the peak near $0.26, which puts the 50% retracement at roughly $0.164. ARB’s intraday low slipped under it before price crept back above, so the first buyers have shown up. Whether they hold the line depends on where today’s candle closes. From the September top, ARB is down about 36%.
Source: Coindoo
