Markets· ★★· bearish·

ARB falls 6.21% to $0.205 after 45.56% weekly rally

  • ARB trades near $0.205, down 6.21% over 24 hours
  • Rally before the correction: +45.56% over a week and +125.55% over a month
  • Volume of $358.16 million, 15.38% above the 30-day average
  • RSI at 69.4, near overbought territory; market cap $1.39 billion
Why it matters: The correction after a sharp rally points to profit-taking; holding above SMA-5 and SMA-10 will determine whether the uptrend continues.
Source: DiarioBitcoin