- Arbitrum ($ARB) buy signal hints at strong potential for gains.
- Key support at $0.1756 could trigger ARB’s next rally.
- TD Sequential signals bullish momentum, pushing ARB toward $0.20.
Crypto analyst Ali Charts has pointed out a promising shift in Arbitrum’s ($ARB) price action following the emergence of a TD Sequential buy signal. In a recent update, the expert highlighted that as long as the $0.1756 support level holds, ARB is primed for an upward move toward the key resistance zone at $0.1989, signaling potential gains for investors.
The TD Sequential is a widely respected tool used by traders to spot potential market trends and reversals. In this case, the appearance of a buy signal has many in the market anticipating a potential breakout. If ARB can maintain its support at $0.1756, a move up to the $0.1989 resistance seems likely, marking a potential 10% upside for the asset. If this resistance is broken, the rally could extend even further.
Importantly, the $0.1756 level is seen as a crucial support zone that ARB must hold to confirm the bullish outlook. Â A bounce from this key support could trigger upward momentum, driving the price higher. However, should the price dip below $0.1756, this could signal a weakening trend. Despite this, the buy signal from TD Sequential gives traders confidence in ARB’s upside potential, as long as support holds.
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Path to $0.20 and Beyond
Beyond the immediate resistance at $0.1989, the chart shows an additional resistance point at $0.2251. If ARB manages to surpass the $0.1989 resistance, the price could continue climbing toward this higher target. However, for now, the market is focused on the price action around $0.1756 and $0.1989. The TD Sequential buy signal adds further weight to the belief that ARB is in a position for a strong rally.
Experts emphasize that maintaining support at $0.1756 is crucial for ARB’s bullish outlook. As long as this level holds, the cryptocurrency has a clear path toward the $0.20 region. Traders are watching closely for any signs of upward momentum, with expectations that ARB could break through its resistance levels in the coming days.
With the buy signal now flashing, all eyes are on whether ARB can maintain its support and overcome resistance in the near future. If the price holds firm above $0.1756, ARB could be on track for significant gains, potentially leading to a breakout that could push the price toward $0.20 and beyond.
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