ARB Jumps 7.45% in 24 Hours, Extends Monthly Gain to 132%
- —ARB up 7.45% in 24 hours and 132.54% in 30 days, market cap at $1.57 billion
- —RSI (14) at 76 and stochastic at 88.1 point to overbought conditions
- —Daily volume of $361.5 million, 6.36% above the 30-day average
- —About 139 million ARB tokens unlock on September 23 for the team and early investors
Why it matters: The 139 million ARB unlock could add selling pressure after the rally, while overbought readings raise the risk of a pullback.
Source: DiarioBitcoin