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ARB may be heading back up to $1.5 once more as bullish signs begin to emerge, and whales could potentially play a crucial role in driving this move.
At the moment, ARB seems to be trading within a cup and handle pattern – a signal that often precedes a significant upswing. To see this potential rally take off, however, the asset needs to enter a major demand zone first. This is not only crucial for the short-term but also has implications for its long-term growth.
ARB’s recent decline on the charts may have many questioning whether it can recover and resume its bullish trend. However, sentiment remains positive around ARB as derivative traders continue to support the asset.
Source: ambcrypto.com
