Arbitrum (ARB) is on the agenda again in the crypto currency world. Layer 2 giant Arbitrum Foundation initiated the first 1 million dollar defi grant program and the use of FDUSD Stablecoin on the network after the use of ARB’s price increased a double -digit. ARB, 11.76 percent in the daily and 10.21 percent in the week with an increase of market value by 12.08 percent in one night increased to 1.98 billion dollars. The daily transaction volume increased by more than 115 percent to 364.11 million dollars. This mobility in Altcoin is interpreted as an indication of the increasing interest of investors.
Arbitrum’s latest price movements and current market data
Arbitrum’s main network presence Arb Coin has been moving in a significant rise trend in recent days. The price has broken over $ 0.3616 with a 9 -day simple moving average (SMA) level in the daily graph, and this level is now a support for support. ARB is traded at $ 0.4073 under the $ 0.417 dollars. This, altcoinIt means a healthy rise for $ 0.3635, the lowest level in 24 hours.
Market data show that there is a strong purchase pressure behind this rise. The harsh increase in daily transaction volume and the significant leap in the market value indicate that investor confidence has increased. Long sub -wicks seen in the last candle bars indicate the existence of a significant intake interest in decreases. This is considered a classic rise signal in technical analysis.
ARBAlthough the highest level of $ 2.40, which is the highest level of all time, is still under about 83 percent, the last movement has increased hopes for the bull trend.
Arc Coin Technical Analysis and Possible Scenarios
Technical indicators show that ARB Coin’s short -term momentum is strong, but also gives correction signals. Relative power index (RSI) approaches 58.33 levels and 70, which is an over -purchase zone. In other words, the RSI is not yet at excessive levels, which indicates that there is no possibility of a possible correction or consolidation in the short term. The critical resistance point to the price is $ 0.48.
If this resistance level is successfully exceeded, the next target of ARB may be $ 0.51. A permanent breakdown above this level will mean the confirmation of a definite turn from Altcoin’s months of decline for months. However, falling below the current support level, 0.36 dollars, the price may lead to a re -consolidation period or worse, shaking with a deeper correction. In the current table, investors need to follow these important levels of support and resistance carefully.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
