demand for the ARB increases
The ARB crypto has been trading at $1.1519 at press time. The technical indicators are bullish, as MACD displayed a bullish cross, with rising histogram at 0.0321. The RSI flashed at 54.82 and has taken support from 14-SMA.
The Arbitrum bulls are trying to rejuvenate their control, and the short-term consolidation could show a fruitful spike, once it passes the dynamic resistance of 50-day, and 200-day EMA's.
Therefore, if the demand for the ARB increases, it could bounce back with massive strength from the current level. The next goal for the price could be reaching $1.547 and $2.400 price levels.
However, if the Arbitrum crypto price fails to sustain above the $1.000 level, it could decline and reach lower levels.
The Arbitrum bulls are trying to rejuvenate their control, and the short-term consolidation could show a fruitful spike, once it passes the dynamic resistance of 50-day, and 200-day EMA's.
Therefore, if the demand for the ARB increases, it could bounce back with massive strength from the current level. The next goal for the price could be reaching $1.547 and $2.400 price levels.
However, if the Arbitrum crypto price fails to sustain above the $1.000 level, it could decline and reach lower levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.