Arbitrum (ARB) Price Setup – Will We See a Breakout to $0.50?

ARB/USD 4H Chart Analysis – Bullish Reversal Incoming?
Arbitrum (ARB) is showing signs of a potential bullish reversal, with price approaching key resistance levels. Here’s what traders should watch for:

🔥 Key Insights:
✅ Breakout Potential: ARB is testing a crucial horizontal resistance while staying above support.
✅ Major Moving Average (MA): Price is near the 0.3975 MA level, which could act as resistance or a breakout trigger.
✅ Key Targets (Take Profits):

🎯 TP1: $0.4245 – First resistance level.

🎯 TP2: $0.4642 – Strong resistance zone.

🎯 TP3: $0.5001 – Major psychological level.
✅ Support Holding: The $0.3593 zone has acted as strong support, preventing further downside.

📈 Trading Outlook:
A breakout above $0.40 with volume could send ARB toward $0.42-$0.50. If rejected, a retest of the $0.35-$0.36 area may follow before another push.

🚨 Bullish or Bearish?
Current momentum suggests bullish potential, but a confirmed breakout above $0.40 is key for upside continuation.