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Key Takeaways
- ARB is defending its former September ceiling.
- The bull flag still needs breakout confirmation.
- RSI offers limited support for continuation.
- Geopolitical risk could test buyer confidence.
- ARB is 53% above its September 15 price.
The former ceiling is being tested as support
Arbitrum traded near $0.210 on the Coinbase ARB/USD four-hour chart at 19:21 UTC on September 20. Price was compressing between descending resistance and horizontal support around $0.203-$0.206.
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