Here based on our calculations we can conclude that there is a 93.8% chance that Arbitrum has found its low and these prices will not be revisited until the next bear market.
If you take a look at the Coinbase chart, some institution or entity is heavily defending the $0.74 level.
This level was first established as ARB's low on SEP 11 2023 (this was where most altcoins bottomed before the first phase of this bull market).
Then we saw another liquidity grab at that level on June 18, 2024.
And another perfect bounce on June 24, 2024.
This has formed an incredible TRIPLE BOTTOM pattern that could very well establish the bottom is in.
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