ARBTC Breaks Key Averages Amid Late-Breaking Sell-Off

Summary
• Price declined from 3.12e-05 to 2.94e-05 on a bearish 5-minute fractal.
• Volume spiked in late hours, confirming bearish momentum.
• RSI approached oversold territory but failed to trigger a reversal.
• Bollinger Bands showed a moderate contraction before the final leg down.
• No strong reversal patterns emerged; dominance of long lower shadows suggests sustained pressure.

Arweave/Bitcoin (ARBTC) opened at 3.12e-05 on 2026-02-06 at 12:00 ET, reached a high of 3.12e-05, and closed at 2.94e-05 on 2026-02-07 at 12:00 ET, with a low of 2.9e-05. Total volume across the 24-hour period was 132,553.08 ARBTC, and notional turnover amounted to 3.957 BTC.

Structure & Moving Averages

The 5-minute chart shows a steady breakdown from the 3.12e-05 peak, with price closing below the 20- and 50-period moving averages, reinforcing a short-term bearish bias. . The daily chart remains unconfirmed due to limited data, but the recent low at 2.9e-05 may act as near-term support.

Momentum and Volatility

Relative Strength Index (RSI) dipped toward 29 at the end of the session, hinting at oversold conditions but failing to trigger a reversal. Bollinger Bands narrowed moderately mid-session, indicating lower volatility, followed by a sharp expansion as the pair approached the 2.94e-05 close. MACD remained negative throughout the day, with bearish divergence visible in late trading.

Volume and Turnover

Volume surged in the final 3–4 hours, particularly during the 2.95e-05 to 2.93e-05 leg, confirming the bearish move. Notional turnover aligned with volume increases, showing consistent selling pressure. A divergence between price and turnover did not appear, suggesting order flow was aligned with direction.

Fibonacci Retracements

From the recent high of 3.12e-05 to the low of 2.9e-05, the 38.2% retracement level at 3.03e-05 acted as resistance in the afternoon, but the 61.8% level at 2.97e-05 failed to hold in the late session. This suggests the current bearish trend could continue unless buyers reassert themselves near 2.95e-05.

Moving forward, a retest of the 2.9e-05 low may test the immediate support, with a potential bounce to 2.95e-05 possible. However, continued bearish momentum could push the pair toward 2.88e-05. Investors should monitor volume patterns and divergence for early reversal cues.