Volume sales in Bitcoin (BTC) also affected Arbitrum (ARB), disrupting the uptrend, can ARB attack again?
ARB, whose uptrend broke down after BTC tested $27,200, continues its bearish pricing. Despite this, can ARB, which is still actively spoken on social media, show a strong rise and reach its ATH value?
Arbitrum (ARB) Graphic Analysis
ARB, which entered a major downtrend from $ 1.81, broke this trend with its rise to $ 1.50. The bearish continuation of BTC exacerbated the sales on the ARB side again. ARB, which is currently at $ 1.32, continues to make a name for itself in the crypto agenda.
It is of great importance to pass the weekly and monthly opening price in order to form a bullish structure in ARB. If these values are exceeded, 1.423 – 1.518 – 1.587 – 1.744 and 1.81 dollars can be targeted in the ARB, respectively. Negative pricing of BTC or Fud news in the ARB ecosystem could bring the price down to $1,249 – $1,184 and $1,134, respectively.
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