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Arbitrum Breakout Faces $0.58 Test

I see ARB trading at $0.53 after breaking a six‑month consolidation. The breakout signals renewed bullish intent but price is facing the $0.58 resistance test.

Technical momentum looks positive despite a 4.43% intraday drop ahead of a token unlock, which raises the risk of short‑term volatility. Bulls need a sustained move above $0.58 to validate the breakout.

I am watching for either a decisive daily close above $0.58 or a disciplined pullback into the $0.45–$0.50 area as a higher‑probability entry; manage position size and stops around the unlock event.

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Analysis

Breakout from a multi‑month range suggests bullish bias, but the 4.43% drop and an upcoming token unlock increase short‑term downside risk; confirmation requires a sustained close above $0.58 or a low...

Recommendation

Watch price action closely: wait for a decisive daily close above $0.58 before initiating new long positions, or consider buying on a controlled pullback into $0.45–$0.50 with tight risk management ar...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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