$ARPA Breaking Out of the Downtrend?


After weeks of trading below the major moving averages, price has finally reclaimed both MA99 and MA200 with a massive impulse candle.
However, this is where things get interesting.
📍 Resistance Zone: 0.0118 - 0.0126
📍 Immediate Support: 0.0105 - 0.0100 (MA200 area)
📍 Major Support: 0.0095 (MA99)
The 15mins chart is heavily overbought, while the 1D chart shows momentum expanding fast. Chasing here carries risk.
Bullish Scenario 🚀
If price consolidates above 0.0105 and buyers defend the breakout: 0.0125, 0.01320, 0.0140, 0.0160, 0.0180
A successful retest of MA200 could be the fuel for another leg up.
Bearish Scenario ⚠️
If this breakout turns into a fakeout and price loses 0.0100, expect a cooldown toward: 0.010, 0.0095, 0.0088, 0.0083
The structure has turned bullish for the first time in a while, but after a 40% move, some consolidation or retest would actually be healthy.
Bullish while above 0.0105. Extremely bullish above 0.0126.
ARPA27.47%
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