Arbitrum Price Prediction
The ARB price may surge above the upper boundary of the channel, leading to additional uptrends.
Arbitrum Prediction Statistics Data:
- Arbitrum price now – $1.32
- Arbitrum market cap – $1.7 billion
- Arbitrum circulating supply – 1.27 billion
- Arbitrum total supply – 10 billion
- Arbitrum Coinmarketcap ranking – #47
ARB/USD Market
Key Levels:
Resistance levels: $1.55, $1.60, $1.65
Support levels: $0.95, $0.90, $0.85
Arbitrum Price Moving Toward Upper Boundary
As ARB/USD moves above the 9-day and 21-day moving averages, it is likely to cross above the channel. If buyers push the coin beyond this barrier, additional gains may be created.
Arbitrum Price Prediction: Potential Upsides
The current trade is bullish, with the potential to break the resistance level of $1.40 and create additional bullish trends. If the coin reaches the resistance level of $1.40, it could further strengthen the market to reach the resistance levels of $1.55, $1.60, and $1.65.
A possible bearish cross below the lower boundary of the channel could take the market to the support levels of $0.95, $0.90, and $0.85 respectively.
ARB/BTC May Cross Above the Channel
Returns are also in the offing against Bitcoin, with Arbitrum staying above the 9-day and 21-day moving averages. The coin is expected to exceed the resistance level and close above it.
Alternatively, a bearish cross below the lower boundary of the channel could meet the support at 2300 SAT and below.
Alternatives to Arbitrum
Candle formation in the daily chart suggests that ARB may maintain its upward trajectory if the bulls intensify. In comparison to Bitcoin Minetrix, which has a distinctive alternative to Bitcoin, Arbitrum’s growth potential may be limited by year-end.
Bitcoin Minetrix is approaching the end of its presale phase, having secured close to $5.8 million, making it a lucrative investment opportunity.
Hot Take
Arbitrum’s potential for growth looks promising, especially as it moves towards the upper boundary of the channel. As an investor, it’s important to keep an eye on the coin’s bullish trajectory and consider potential alternatives like Bitcoin Minetrix to maximize investment opportunities.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.