Everything that was given away relatively “for free” by ARB , STRKSUSD , WW - you can write your own options in the comments - is mercilessly falling in price.
For example, #Arbitrum was distributed for $1 billion+, and now the “happy ARB holders” are patiently waiting for someone to buy this “very necessary asset” and they will sell it at a x3 premium)))
And who needs an ever-falling asset? Well, certainly not retails ... and it does not "exist" at the current stage of the market... “Big money” - maybe, but before that, they need to be able to buy out the ‘controlling stake’ of coins at a very laaaarge discount. And only then can they start a systematic pumping.
Therefore, in our opinion, until the ARBUSDT price breaks through the blue trend line and consolidates above $0.80, it is not worth looking in its direction, because there will be no "power" and money there.
_____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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.