ARPA has recently shown clear technical weakening signs. From the price performance, the current quote of 0.02008 has broken below the BOLL middle band (0.02067), and is sandwiched between the middle band and the lower band (0.01975), indicating that short-term correction momentum is still being released. The initial support depends on whether the lower band can hold.



The RSI(6) indicator currently reads 35.64, gradually falling from the overbought zone to a neutral-low position. This suggests that the previous upward momentum is rapidly waning. Although it has not yet entered the oversold territory, bullish enthusiasm has clearly cooled down. Regarding MACD, the situation is even less optimistic— the DIF line (0.00060) has fallen below the DEA line (0.00090), and the histogram has turned negative, with a death cross clearly indicating short-term trend weakening.

In the KDJ indicator, the J value (11.99) is close to the oversold area, while the K and D lines are still continuing downward, with no golden cross reversal signal yet. Although there is a technical need for a short-term rebound, the overall trend reversal conditions are not yet in place.

From the support and resistance pattern, the first support level is set at 0.01975 (BOLL lower band), which is a key defensive line for the market. If it fails to hold, the short-term trend may accelerate its decline; the second support is at 0.01850, which is a recent high-volume cost area. On the upside, the first resistance level is at 0.02067 (middle band), which is the target for the initial rebound after a correction. If broken, attention should continue to be paid to the second resistance at 0.02158 (upper band).
ARPA0.53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned