ARB Price Tumbles as Bears Dominate Market
ARB has been on a downward trend, with its price currently pinned at $0.075 and crawling along its lower Bollinger Band beneath every major moving average.
The momentum picture is equally grim, with a sustained bearish MACD cross that has converged to exactly zero, not a recovery, but a pause in deterioration.
Buyers are hesitating because there's nothing in the price structure demanding they act yet, and the taker buy/sell ratio at 0.5572 is the clearest evidence of the current regime.
The moving average picture couldn't be more bearish in structure, with every near-term average stacked together in a tight cluster around $0.080 forming a unified ceiling of overhead supply.