ARB retreats 3% to $0.212 after 133% monthly rally
- —ARB at $0.212: -3.03% in 24 hours, +133.2% over 30 days and +50.5% over the week
- —RSI (14) at 72.2 — overbought zone, price at 94% of Bollinger Bands
- —Volume dropped to $365 million from a peak of $692 million a day earlier
- —Key resistance at $0.2269, support at $0.2017; still -98.08% from ATH of $11.05
Why it matters: The pullback on record volume at resistance points to profit-taking; a loss of $0.2017 would open the way to the SMA-5 at $0.1929.
Source: DiarioBitcoin