ARB/USDT Technical Analysis And will it hit $10 in BullRun?

#Arbitrum Chart Analysis:

• Current price: $1.21
  
• Range trading since launch
  
• Price range: $1.10-$1.43 over the past 72 days
  
• Experienced a bull trap at $1.70, but returned to the same parallel channel shortly after
  

Waiting for a breakout for a significant move

Upside Breakout: If #ARB breaks $1.44 and sustains above this channel, a substantial upward rally is possible.

Downside Breakout: If #ARB breaks below $1.10, a potential downside target of $0.5 can be anticipated. This could present a favorable accumulation opportunity.

Exercise patience and wait for the breakout; avoid trading based on speculation.
Bullish on ARB in the long run; potential for $10+ during the next bull run.

Note: This analysis represents my personal view and is not financial advice. Conduct your own research before investing in any coins.

Thank you.