Ritika_TCR

Will ARB Price Hit Its All Time Low Of $0.74 Or Go Beyond $2.5?

BINANCE:ARBUSDT   ARB / TetherUS
Arbitrum has a market cap of $2.7 Billion and is ranked 40th in the cryptoverse. ARB token price has observed a decline of 21% in the volume while its VM ratio is near 0.1. ARB token price is currently trading near the value of $0.944 with a drop of over 5% in the past one year.
ARB price is currently forming strong bearish candles on the daily chart. It is trading below the 50 and 100 EMA. The upside trend of the asset price can see a halt near $1. Meanwhile the support of the ARB can be observed near $0.85.
The RSI of ARB is currently near 36 with a negative slope in it. The overall sentiment of the indicator is bearish in nature.
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