• ARPA gained 4.19% in the past 24 hours, showing strong upward momentum.
• Market cap rises to $33.37 million amid increasing volume.
• 87% of traders are bullish, reflecting strong community confidence.
• Technical indicators confirm early bullish reversal signals.

ARPA is showing positive momentum after a notable recovery in recent sessions. Over the past 24 hours, the token’s price has increased by 4.19%, while its weekly performance shows a 6.2% rise.

At the time of writing, ARPA is trading at $0.02196 with a market capitalization of $33.37 million, marking a 4.64% daily increase. Trading volume has surged 5.25% to $86.85 million, indicating renewed investor interest.

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Strong Bullish Sentiment Among Market Participants

Market sentiment around ARPA remains overwhelmingly positive, supported by data from 8.7K community votes. A notable 87% of participants express a bullish outlook, expecting continued price growth. This widespread optimism reflects high confidence among traders, with many anticipating that ARPA’s recovery phase will extend further in the coming days.

Only 13% of the voters hold a bearish stance, showing mild caution toward possible corrections. This minority perspective suggests some traders expect short-term pullbacks before a sustained uptrend. Nonetheless, the overall market mood remains decisively positive, supported by consistent buying interest and a firm belief in the asset’s long-term potential.

Chart Patterns Hint at Possible Breakout Formation

Technical analysis of the chart for the ARPA shows an extended downward channel, which suggests months-long downward momentum. Nevertheless, the recent price upsurge pushed the price up close to the upper limit close to $0.02195, which implies a potential attempt at the breakout. Increased volume confirmed the fresh momentum while the price tries to break resistance in $0.0225 and $0.0235 ranges.

A decisive close above this level can put an end to the bearish attack and initiate a swift upside surge. Key upside targets are close to $0.032 and $0.055, which are profits of over 100%. Breakdown below the resistance can see a small correction towards $0.018–$0.019. The general structure allows for a cautiously positive outlook if the support area remains in existence.

ARPA Indicators Support Early Bullish Reversal Signs

Momentum indicators further reinforce the bullish outlook. The Relative Strength Index (RSI), standing at 46.07, having gone from its moving average (43.34), indicates a move towards positive momentum, though below the neutral point of 50, which means the tendency seems still in initial stages or still coming up from the preceding downward tendency.

The Moving Average Convergence Divergence (MACD) has also turned bullish, with the MACD line crossing the signal line from below, and the histogram also having a positive turn-around. Both the MACD lines are still below the zero line, though the crossover signals increasing bullish sentiment.

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