Arbitrum has formed a clear downward channel. It also showed a price minimum at the beginning of the month. In my opinion, the trend resistance level will be broken in the near future and the price will go higher. A retest of the level with a subsequent impulse is also possible.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.