Arbitrum (ARB), which has been around 1 dollar for a long time, has reached a potential breakout with a 7 percent increase in the last two days.
The crypto market continues its bullish progress. BTC’s rise to the 39 thousand dollar range put altcoins on the attack again. BTC followed an up-and-down chart last week. For this reason, retreats were seen in altcoins. Major coins in particular followed a calm price chart with BTC factor. ARB, one of these majors, has been around $1 for a long time.
ARB, which draws attention with its calmness in the 1 dollar region, rose by 7 percent in two days and is on the verge of a significant breakout. ARB could rise to $1.20 if market conditions remain positive.
Could Arbitrum (ARB) rise?
Popular tier-2 project Arbitrum (ARB) is preparing to debut after remaining calm in the $1 region for a long time. ARB is up 7 percent in the last two days.
ARB failed to accompany the positive crypto market in November. The popular cryptocurrency started its decline at $1.22 on November 8 and completed it at $0.95 on November 22. ARB, which regained $ 1 towards the end of November, exhibited calm price movement in the $ 1 region. ARB, which could not take off despite all expectations, started December strong.
ARB gained 7 percent throughout December. The popular cryptocurrency rose from $1 to $1.0790. The Layer-2 project experienced a 12 percent volume increase in the last 24 hours. ARB volume reached $219 million in the last 24 hours.
The popular cryptocurrency is on the rise with a 7 percent rise. ARB could continue its rise if it can sustain above $1.05. The $1.0871 region stands out as a critical resistance point in front of the ARB. If this point is exceeded, the $ 1,146 to $ 1,166 region, which is also seen as a sales zone, may come to the fore. If this box can survive the selling pressure, it could trigger a potential breakout and the ARB price could rise again to $1.20.
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