Arbitrum (ARB), one of the altcoins that responded best to the rise in Bitcoin (BTC), has increased by nearly 15 percent in the last 2 days.
BTC, which had the wind behind it with the revival of ETFs, was 27,300 yesterday evening. touched the dollar. Many altcoins came to the fore during this short-term rise. One of the most striking projects among these was Arbitrum (ARB). ARB became the fourth most valuable coin of the day, registering an increase of 10.23 percent in the last 24 hours. So, to what levels can ARB progress? At what prices may there be a pullback?
Arbitrum (ARB) chart evaluation
ARB, which started an upward trend at $ 0.738, managed to maintain this technical structure even though it experienced withdrawals from time to time. The popular coin, which exploded with BTC after accumulating for a while at $ 0.80 – 0.81, suffered selling pressure before reaching a significant resistance zone. Will ARB, which currently finds buyers at $0.9067, be able to reflect its popularity in the price?
ARB, one of the prominent names of Layer-2 projects, is among the most talked about coins of recent times. We can say that ARB, which is mentioned by many cryptocurrency phenomena, is also trending positively on the technical side. The area that needs to be overcome in order for the increases to continue is the range of $ 0.915 – $ 0.931.
After exceeding $0.915 – $0.931, a move to $0.972 – $1.011 and $1.056 respectively will be likely. In case of withdrawals, the black levels can be followed. The green box will have a say in the short-medium term price movement of ARB.
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