$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.
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.
