ARB Primed for Reversal? Double Bottom Pattern Sparks Rally Hopes as Support Holds Strong

ARB's chart flashes a classic bullish signal—traders are betting the double bottom marks the end of its downtrend. Will this altcoin defy gravity or get dumped like last year's vaporware ICO?

The setup: After forming twin troughs near key support, ARB's price action suggests accumulation. Market depth shows buy walls thickening at these levels—smart money might be positioning for a breakout.

Make or break: If support crumbles here, we're looking at a liquidity grab toward lower levels. But hold this zone, and ARB could retest recent highs faster than a crypto influencer shilling their next '100x gem.'

Pro tip: Watch for volume confirmation on the breakout. No one gets rich trading fakeouts—except maybe the exchange collecting your liquidation fees.

Key technical points:

• Double Bottom Potential: Structure remains intact but is not activated until $0.51 breaks with volume
• Support Zone at POC and 0.618 Fib: Key technical confluence for a higher low to form
• Trading Range Still Valid: Broader structure reflects ongoing consolidation between $0.26 and $0.51

The recent rally confirmed the potential for a double bottom pattern, but without a breakout above the $0.51 resistance, the formation remains unconfirmed. Price rejected from this level and has since lost the value area high, a key support level that typically underpins bullish continuation. With this level now breached, attention shifts to the point of control (POC), which sits below the current price and offers the next major technical area for potential support.

The POC region aligns with the 0.618 Fibonacci retracement level, adding strong confluence and increasing the probability that this zone could act as a springboard for a bullish reversal. While price hasn’t officially retested this zone yet, such a retest WOULD be seen as constructive, offering a potential higher low setup that fits within the broader double bottom narrative. As long as this level holds, the structural integrity of the reversal setup remains intact, even if price action temporarily weakens.

However, if price fails to hold the point of control on a closing basis, then ARB risks rotating further down toward the $0.26 region, the original low where the double bottom began forming. This would extend the current trading range and delay any breakout attempt.

It’s important to emphasize that while the double bottom is present in structure, it has not been activated; only a confirmed breakout above $0.51 with strong volume will validate the pattern and open the path for sustained upside. Until then, price remains in a reactive zone with high technical significance.

What to expect in the coming price action:

ARB’s next decisive MOVE will likely occur at the confluence of the point of control and 0.618 Fibonacci level. A strong bounce here could preserve the double bottom structure and lead to a renewed push toward $0.51. However, if this support fails, the range may expand downward, prolonging consolidation and delaying the breakout.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.