📊 $AA (ARAI) showing strong volatility after a sharp expansion
AA recently posted a ~45% move, surging from the $0.008 zone to a peak near $0.021, followed by a controlled pullback. Price is now trading around $0.0118, suggesting the market is digesting gains after an aggressive rally.
🔍 Key observations
Strong breakout with high volume expansion
Healthy retracement instead of an immediate collapse
Price currently sitting near a key moving average support
Large holder base (~30K+ holders) adds stability despite volatility
📉 Technical perspective This looks like a classic post-pump correction phase. As long as AA holds above the $0.010–$0.011 support region, the structure remains constructive. A reclaim of short-term moving averages could signal renewed upside momentum.
⚠️ Takeaway Momentum traders already saw the expansion. Now the focus shifts to support defense and volume confirmation. Patience is key before the next directional move.
Always manage risk and do your own research.
#AA #ARAI #Crypto #Altcoins #PriceAction