Potential Bullish Breakout for ARB as Key Resistance Looms

The $ARB token appears promising on a higher time frame. There is a bullish divergence where the RSI forms higher lows while the price forms lower lows. The Awesome Oscillator (AO) also indicates an upward trend, which could signal a reversal. The token has broken the downward trendline and entered a sideways range. A similar situation was observed in autumn 2024, which led to a breakout that resulted in an 80% increase. Currently, ARB is trading below the key resistance at $0.45, and there has been no confirmation of a breakout. However, watching this level is advisable as there is potential for a significant move.