Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$ARC has indeed performed well recently. After a volume increase of 21.89%, it broke out strongly, indicating that the main force has been quietly accumulating rather than short sellers dumping. This signal is very important.
The data from open interest (OI) is even clearer—growing simultaneously to 5.37 billion, which shows that new funds are truly entering the market, not just false prosperity. The good coordination of volume and price indicates that the bullish momentum is genuine.
From the price trend, there was no significant profit-taking selling pressure after the breakout, which is quite rare. After surging, the price has been consolidating at high levels, demonstrating strength. A short-term pullback? Buying interest immediately absorbed it, with no hesitation at all.
The current trading strategy is as follows:
**Long Position**
Entry zone: 0.0645~0.0655
Stop-loss set at 0.0620, which is a strict requirement and must not be loosened
Initial target: 0.0700, then 0.0750
The key is to hold above the 0.0620 breakout zone. As long as it stays above, the upward momentum will continue to be released. The previous LTF fluctuations were quickly absorbed by buying interest, indicating strong confidence among holders. Continue to monitor $ARC’s subsequent performance.