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Is it finally waking up or just another fakeout?
$AR has been catching a brutal downtrend for a while, but look at that recent price action. We just bounced off the $1.49 support level and started printing some higher lows on the daily.
It’s currently sitting at $1.92, trying to fight its way back up. The volume is starting to show a little more life than usual, with about $4.6M in USDT flowing through in the last 24 hours.
If we can flip this $2.00 psychological level into support, we might actually have a reversal on our hands. But if it rejected here, we’re probably heading back down to retest the lows.
I’m watching the order book closely. The bids are stacked higher than the tasks right now, which is a decent sign for the bulls in the short term.
#SevenCentralBanksRateDecisionsAhead