Post
$ARB After a lengthy descent from the peak of $0.6246, the coin has successfully formed a solid support base (potential double bottom) at levels of $0.0858.
RSI Indicator: The reading is at 76.64, indicating very high buying momentum and that the coin has entered the "overbought" zone in the short term, which may require a slight correction or sideways movement before continuing the upward trend.
Trading Volumes: We observe a gradual increase in trading volume coinciding with the recent rise, which confirms the validity of the bounce from the bottom.
RSI Indicator: The reading is at 76.64, indicating very high buying momentum and that the coin has entered the "overbought" zone in the short term, which may require a slight correction or sideways movement before continuing the upward trend.
Trading Volumes: We observe a gradual increase in trading volume coinciding with the recent rise, which confirms the validity of the bounce from the bottom.