ARUSDT Will AR Break Out or Face Rejection?

25 ago

Yello, Paradisers! Have you been keeping an eye on #ARUSDT? Let’s dive into it!

💎#AR is currently facing a descending resistance, and a successful breakout here could spark a bullish continuation. If this breakout materializes, we can expect the price to climb towards the supply zone around $36. To hit our final target, though, AR needs to decisively break through this supply zone. If it does, reaching our final target at the strong resistance area becomes much more likely.

💎On the other hand, AR has been stuck at its resistance area for three days now. If it fails to break this level and a bearish rejection candle forms, we could see a retest of the demand area around $2.26 before another attempt at an upward move to break the resistance.

💎However, if AR fails to break out of the descending resistance and instead moves sideways, there's a high probability of a rejection, pushing the price downward. In this scenario, AR could retest the demand area between $22 and $19.9, building momentum for another breakout attempt.

💎The bullish scenario is invalidated if AR breaks below the strong support level with a daily candle closing beneath it. Should this happen, the price could continue its downward trajectory, dipping even further.

Stay vigilant to market movements, and we’ll keep you updated with more insights.

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