🚨 ARPA Just Pumped 60%… But Is the Rally Already Running Out of Steam?
$ARPA
surged 50–60% in a single day, driven mainly by a short squeeze, deeply negative funding rates, rising Open Interest, and explosive trading volume—not by any major fundamental announcement.
Technically, price has now reached a strong resistance zone and sits below key cumulative short liquidation levels, where profit-taking pressure could increase.
📉 A short-term pullback of around 20% toward the support zone would be a healthy scenario before any potential continuation higher.
Key Levels
🔴 Resistance zone: $0.0134-0.0111
🟢 Support zone: $0.00086-$0.0072
Cumulative Short Liquidation Leverage: $0.0133-0.0131
Cumulative Short Liquidation Leverage: $0.0122-0.0115
Do you think ARPA will break through resistance, or is a correction more likely first? 👇
#ARPA
$ARPA
surged 50–60% in a single day, driven mainly by a short squeeze, deeply negative funding rates, rising Open Interest, and explosive trading volume—not by any major fundamental announcement.
Technically, price has now reached a strong resistance zone and sits below key cumulative short liquidation levels, where profit-taking pressure could increase.
📉 A short-term pullback of around 20% toward the support zone would be a healthy scenario before any potential continuation higher.
Key Levels
🔴 Resistance zone: $0.0134-0.0111
🟢 Support zone: $0.00086-$0.0072
Cumulative Short Liquidation Leverage: $0.0133-0.0131
Cumulative Short Liquidation Leverage: $0.0122-0.0115
Do you think ARPA will break through resistance, or is a correction more likely first? 👇
#ARPA