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Arbitrum

ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH. Technical Analysis: Resistance: $2.1514 Support: $1.7156 ✅ Relative Strength Index (RSI): 65 Moving Average Convergence Divergence (MACD): Bullish! Volume Analysis: The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token. Conclusion: The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Long
by behnoudt
1
ARB after the pullback will go up to the next resistance zone ARB after the pullback will go up to the next resistance zone. The buy zone is around the trendline 🔵Entry Zone 1.8222 - 1.8918 🔴SL 1.6664 🟢TP1 1.9698 🟢TP2 2.1468 🟢TP3 2.2698 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
Arbitrum | ARB ( Whales buy the dip )The price of Arbitrum is $1.48 today with a 24hour trading volume of 818 million dollar. This represents a 12.50% price increase in the last 24 hours with a circulating supply of 1.3 Billion ARB. Whales buy the dip! but why ? after Arbitrum started distributing governance tokens to eligible decentralized autonomous organizations, some whales have been adding to their stacks. Earlier today, one address holding 1.95 million Arbitrum governance tokens, worth roughly $2.7 million, received nearly 200,000 dollar in ARB from Binance at the time, the price of one token was 1.38 Not long before, a second address holding 1.78 million governance tokens ,worth 2.5 million dollar, spent 80 ETH on buying roughly 146,000 worth of ARB at 1.34 dollar per token. Arbitrum, the leading Layer 2 network on Ethereum, began distributing governance tokens to DAOs earlier this week. Its core team previously designated 1.13% of the overall 10 billion governance token supply, equivalent to 113 million ARB with a current value exceeding 145million, to be distributed among qualifying projects in the Arbitrum ecosystem. he distribution of governance tokens to DAOs is intended to help bootstrap activity on the Arbitrum network. The tokens may be allocated to projects' treasuries or used for other objectives, as determined by the respective DAOs. Projects receiving governance tokens include Uniswap, Sushi, Aave, GMX, Hop Protocol, Radiant Capital, Balancer, Synapse, MakerDAO, Curve, Layer Zero and 1inch. next targets are 1.5 and 1.5$
Long
by moonypto
3
Waiting on breakout for LONG Trade - ARBBINANCE:ARBUSDT (1D CHART) Technical Analysis Update ARB is currently trading at $1.8838 and showing overall bullish sentiment. Price is playing inside the triangle and tested the support zone multiple times and now its looking to bounce back from the support. This bounce back could break the resistance. We are looking at a LONG trade if the price breaks the resistance line. Entry level: $ 2.2188 (after candle close above this price) Stop loss level: $ 1.7284 Target 1: $ 2.395 Target 2: $ 2.624 Target 3: $ 3.024 Target 4: $ 3.6069 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Should you buy this layer-2 token?Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support level of $1.7, which also aligns with the 0.618 Fibonacci retracement level. An anticipated unlocking of $2 billion worth of tokens is slated for March 16, 2024. Following this event, there may be opportunities to acquire the token at levels of $1.5 and $1.2.
Short
by Prachi3009
ARB ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction. This correction seems to be a diametric. There was a suitable place for the termination of the F wave on the chart, which we marked with red color. If the price reaches this range, you can enter a sell/short position. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
ARB/USDT Keep an eye on the demand, Potential Bounce hard!!💎 ARB has witnessed significant developments in the market. After achieving a new all-time high (ATH), the price has experienced a significant decline, and there is a possibility that it will continue to drop until it reaches the demand area around the 1.37 area. 💎 Once it reaches this demand area, there is potential for a bounce, which could lead to a continuation of the upward movement and the probability of setting a new ATH. 💎 However, if ARB reaches the demand area and does not show a positive response, such as consolidating in that region, this could be a concerning sign. 💎 It suggests that there is potential for the price to break down below the demand area and continue its downward trajectory, possibly heading towards the next lower demand area or even reaching the key support area.
by MyCryptoParadise_Nathan