ARB Technical Analysis Feb 23

ARB is producing a strong bottom signal in the oversold region with RSI at the 24.83 level, while MACD’s positive histogram indicates hidden bullish momentum. Although the short-term downtrend dominates, reversal potential is rising with volume confirmation.

Trend Status and Momentum Analysis

ARB is currently trading at the 0.09 dollar level and showing a slight 0.85% decline over the last 24 hours. The daily range is stuck in the 0.09-0.10 dollar band, indicating reduced volatility and entry into a consolidation phase. The overall trend direction remains under downtrend dominance; the price continues to stay below EMA20 (0.11 dollars) and the Supertrend indicator is giving a bearish signal. However, momentum indicators are producing mixed signals: RSI is in the deep oversold region, while the MACD histogram is moving at positive values, revealing hidden bullish strength. Volume is at a moderate level of 119.97 million dollars, not fully confirming the downside and showing accumulation signs. In multi-timeframe (MTF) confluence, 5 strong levels were detected across 1D, 3D, and 1W charts: 1 support/2 resistances on the daily, 1 support on the 3-day, and 2 supports/1 resistance on the weekly. This structure suggests consolidation around the 0.0883 dollar support (score 73/100) and 0.0946 dollar resistance (score 79/100) in the short term. In terms of momentum, downtrend weakening signals are emerging; particularly RSI’s oversold position and MACD’s bullish structure confirm declining trend strength. If volume increases, the 0.1050 dollar resistance (score 62/100) could be tested, but BTC’s bearish trend is creating pressure on altcoins.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 24.83, indicating it is deep in the classic oversold region (below 30). While the price recently made a new low from 0.10 dollars to 0.09 dollars, RSI did not drop to even lower levels during this decline; it shows a slight bullish divergence trace but no clear regular divergence has formed yet. From a hidden bullish divergence perspective, RSI holding steady if the price makes higher lows would be critical for reversal. On the daily chart, RSI is approaching the 20 level, accumulating bottom momentum; rapid recoveries were observed in the past at similar oversold levels (e.g., during the 2025 fall correction). The weekly RSI is around 35 and appears to have lost downside momentum. For divergence formation, the price should test the 0.0883 support and RSI should hold above 25; in this case, buying momentum strengthens. Conversely, if RSI drops below 20, selling pressure may increase.

Overbought/Oversold Regions

The oversold region (20-30 range) is fully active; this level has historically produced bounces with 70% success as a momentum exhaustion point. Considering ARB’s volatile nature, bounce potential from RSI 24.83 is high, but if it remains without volume, there is fakeout risk. In the medium term, a journey toward RSI 50 signals trend change; for now, the sell signal is weak, as an oversold bounce is expected.

MACD Signals and Histogram Dynamics

MACD status is generally bullish; above the signal line and the histogram is expanding at positive values. This confirms underlying bullish momentum despite bearish price action – a classic bullish divergence setup. The size of histogram bars has increased over the last 3 days, indicating momentum shifting from contraction to expansion. The daily MACD line is below the zero line but the positive histogram is preparing for a short-term crossover. There is no signal line crossover on the weekly MACD, but the histogram approaching the zero line confirms weakening trend strength. A volume-supported positive histogram could provide thrust toward the 0.0946 resistance; if the histogram turns negative, it opens the path to the bearish target of 0.0451 (score 22). Overall comment: MACD supports RSI oversold by highlighting hidden accumulation.

EMA Systems and Trend Strength

Short-Term EMAs

The price not holding above the short-term EMA20 (0.11 dollars) reinforces the bearish short-term trend. The EMA ribbon (9-21-50) is narrowing and downward-sloping; this shows momentum loss. The price is near but below EMA9 (around 0.095), sustaining selling pressure. In the short term, if EMA20 breaks, a bullish trend begins with ribbon expansion.

Medium/Long-Term EMA Supports

The medium-term EMA50 (around 0.12) is strong resistance, while the long-term EMA200 is at 0.15 and distant. Ribbon dynamics reflect weak trend strength; distance between EMAs is narrow, signaling consolidation. As support, if it falls near EMA100 at 0.0883, it could hold. In trend strength measurement, EMA slopes are negative but slowing – momentum confluence is shifting bullish.

Bitcoin Correlation

BTC is at the 64,833 dollar level and in a downtrend with a 4.05% decline over 24 hours; Supertrend bearish and supports at 64,323-61,686-60,000 dollars. ARB is highly correlated with BTC (%0.85); BTC’s decline is pressuring altcoins, and rising dominance could push ARB below 0.09. If BTC cannot break the 65,475 resistance, selling continues in ARB. Key BTC levels to watch: if 64,323 breaks, ARB tests 0.0883; above 65,475 is bullish for ARB Spot Analysis. For leveraged positions in futures, follow ARB Futures Analysis; BTC caution mode is limiting altcoin momentum.

Momentum Outcome and Expectations

Momentum confluence with oversold RSI (24.83) and positive MACD histogram points to bullish reversal, but EMA bearish position and BTC downtrend require caution. If volume confirmation arrives, bullish targets 0.1050-0.1450 (score 8); otherwise, 0.0883 breakdown leads to 0.0451 bearish (score 22). Short-term bounce expected, medium-term divergence confirmation required. Trend strength is weakening; momentum traders should wait for RSI 30+ and MACD crossover. Overall outlook: Cautious bullish, volume critical.