ARB Jumps 9.33% From Open, But Volume Fails to Confirm the Move
- —ARB gained 9.33% from the open to $0.1943 but is roughly flat versus the previous close
- —Daily volume of $200.5 million is 32.61% below the 30-day average
- —Price trades above its 7, 15, 50, 90 and 200-day SMAs, but MACD stays bearish
- —A 92.65 million ARB unlock was reported but remains unverified
Why it matters: A rally on weak volume alongside a possible token unlock leaves ARB's rebound vulnerable to a pullback.
Source: DiarioBitcoin