Technical analysis by PolarHusk about Symbol ARRR: Buy recommendation (5/8/2024)

ARRR/USDTThe bulls are defending the 0.5 Fibonacci level, which coincides with 50 EMA. Additionally, there seems to be a possible mini-double bottom support forming on the daily time frame.If market conditions improve in the next few days or weeks and the potential bull flag breaks out to the upside, the target price could reach up to 1.1 dollars.