Legend of Arcadia (ARCA), a gaming-focused cryptocurrency, shows incredible resilience, consolidating tightly at key support levels with clear bullish strength, as pointed out today by market analyst TIGER.
ARCA is a cryptocurrency powering the Legend of Arcadia, a GameFi platform that provides users with free-to-play and play-to-earn experiences, allowing them to engage with real-time battles and RPG mechanics, as well as DeFi services like staking and many others. Since its launch in November 2024, the Legend of Arcadia gaming platform has attracted significant traction due to its ability to enable gaming players to earn, trade, and own digital assets in the Web3 world.
According to the analyst, ARCA is on the verge of experiencing strong momentum ahead due to increasing buying activity from buyers, especially whales, setting a potential price surge soon. The analyst informed long-term investors that ARCA is set to reach the take-profit level 3 in the coming days or weeks, thanks to the rising buying pressure, led mainly by large wallet buyers.
What’s Behind the Bullish Structure Forming in Legend of Arcadia
As indicated by the analyst, ARCA has been holding firm around the $0.00541 and $0.00587 zone for more than two weeks now, demonstrating robust buyer conviction after a significant upturn move. This tight consolidation is a traditional indicator of accumulation, with purchasers entering the market to defend the gains and develop strength for the upcoming greater uptrend. This structure, which remains silent, is clearly bullish, as shown in the data above.
This support level is a high-probability trading zone with confidence, indicating ARCA’s price continuing to remain firm and with clean momentum as institutional token accumulation visibly absorbs selling pressure. As disclosed by the analyst, so long as ARCA holds above the $0.00541-$0.00587 support zone, the structure is well set for a looming breakout toward the TP3 (at $0.0092) and TP4 (at $0.0115), with TP3 (take profit 3) functioning as the first resistance level while TP4 (take profit 4) serves as the second resistance level.
The current price of Legend of Arcadia is $0.005509.ARCA’s Market Outlook
With the formation of the strong bullish structure, ARCA is preparing to shoot its price towards the toward the $0.0092 TP3 level. The surge is expected to give long-term investors who have held ARCA for more than 155 days an unrealized gain of 60% profits, as illustrated by the analyst.
Today, ARCA surged 2.5% over the past 24 hours; it has also been up 2.3% in the past week, making its price currently trade at $0.0055, indicating rising buying pressure.
Source: https://blockchainreporter.net/arca-holds-0-00541-0-00587-key-support-as-bullish-structure-builds-amid-whales-buying-legend-of-arcadia/
