Arbitrum price ready to lose some weight

Altcoin price rose 30% between June 15-21. Thus, it formed a local high at $1,174. After this point, the ARB bulls seem to have taken a break. This led to a slow correction that produced three lower peaks. The latest low peak appeared at $1,138. Now, Arbitrum price looks set to slide down at least 8%. Thus, it will tag the close support level at $1,017. In some cases, it is possible for ARB bears to drop the altcoin as low as $0.981 in search of sell-side liquidity below the equally lows formed June 17-20.
$Bu$ more to fall $ven$ The Relative Strength Index （RSI）, which has added a new low, has produced lower lows and is currently trying to stay above the 50 average level. $Bu$ Failure to do so will signal that the bears will take over the ARB. This will add wind to the sails of short sellers. Likewise, the Awesome Oscillator （AO） also tends to decline as the size of the histograms decreases, implying a transition to sub-zero levels. A successful turn will indicate the dominance of bearish momentum. Finally, the Wave Trend indicator also produced a sell signal on June 22. This indicates that the decline will continue and it is time for a correction. In total, this move would create an 11.37% move for the Arbitrum price. #ContentStar# #BountyCreator# #New Messenger#