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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