In the last 24 hours, the Arcblock (ABT) price surged over 14%, reaching $1.32, drawing attention from investors.
Arcblock Challenges Resistance
The Arcblock price bounced off the support level at $1.2392 and is now trying to overcome the resistance at $1.3740. Success could lead to a rise to $1.5088, but a rejection might result in a drop back to $1.2392, then potentially to $1.1190.
Technical Analysis of Arcblock
Technical indicators on Arcblock's 4-hour chart show a battle between bulls and bears for price control. The MACD suggested an upward trend, but slowing momentum indicates cooling bullish conditions. RSI stays above 50, hinting at buyer strength, though its slope warns of a possible bearish turn.
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