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ARB to $1.5 again – Whales could have their say, but it depends on…
ARB has been experiencing a rough patch lately, with the altcoin losing 14.28% in the past month alone. However, despite this downward trend, the asset may be poised for a significant upswing, potentially reaching $1.5 once more.
The development of a bullish cup and handle pattern on the chart signals that ARB could be on the cusp of an upward move. The chart indicates that there is a demand zone between $0.74 and $0.659 that needs to be reached before the rally can take off.
In this zone, it’s possible for whales to drive the price upwards, but it ultimately depends on their actions. The recent increase in funding rate suggests that derivative traders are becoming more optimistic about ARB’s future prospects, which could also contribute to the upswing.
ARB may have strong potential to recover all its losses and then some.
Source: ambcrypto.com
