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ARBUSD Multi Collateral Perpetual Futures ContractARBUSD Multi Collateral Perpetual Futures ContractARBUSD Multi Collateral Perpetual Futures Contract

ARBUSD Multi Collateral Perpetual Futures Contract

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Can Arbitrum Crypto Revive From The Lows Amid Improved SentimentCan Arbitrum Crypto Revive From The Lows Amid Improved Sentiments Arbitrum crypto seemed to be consolidating after a sharp fall that took away the annual support. The recent sessions have observed a notable rise in the social metrics like social dominance and social volume. Arbitrum crypto seemed to be stabilizing after a sharp crash and has dropped below the annual lows. The crypto has been suffering a strong selling pressure since Mid march and has dropped over 65% from this year's high. The short term as well as long term trend outlook is bearish at the moment which adds the risk of further fall in the crypto. However, the recent sessions have observed some notable change in the social metrics. Let's uncover those developments in the social metrics and try to correlate it with ARB price. It would be worth analyzing whether ARB investors should wait for a recovery or look for other better investment opportunities. Arbitrum Crypto: Analyzing The Social Metrics At the time of writing, Arbitrum crypto was hovering close to $0.79 recording a swift 0.51% negative development today. The price performance has been negative in the short term with 29% decline a month and over 50 in the last three months. However, there has been a notable development in the social metrics which adds a ray of hope for the ARB investors. As per the data obtained by a financial website app.santiment.net, the social volume and social dominance have observed a healthy growth in the recent sessions. The social dominance and volume has nearly doubled in the past two weeks, indicating the increasing user interactions. An increased social metrics generally reflects a positive development in the price. ARB Crypto: Technical Outlook? From a technical point of view, Arbitrum crypto trades below all the key exponential moving averages of 20, 50 and 200 days indicating a strong bearish trend in the short term as well as long term. The recent price action highlights that the key 50 day EMA has been acting as dynamic resistance for the crypto. Currently, any surge in the price may be taken as a sell on rise opportunity for the bears until the price is maintained below the $0.96 level. A breakout above the $0.96 may result in a bullish reversal, however it requires a consolidation at the recent support followed by a breakout with strong volume. on the lower side, if the price breaks below $0.77, it may head straight towards the $0.73 and $0.70. Can Arbitrum Price Turn Bullish Again? Arbitrum crypto has been recently facing a bearish trend, having plummeted over 65% from this year's peak. The persistent selling pressure since mid-March has pushed the price beneath all critical exponential moving averages (EMAs) of 20, 50, and 200 days, signaling a strong downtrend. Currently, any short term price surge may be viewed as an opportunity for bears to sell, as long as the price stays under $0.96. A breakout above this level could suggest a bullish reversal, however it requires consolidation at current support levels. Conversely, a drop below $0.77 could lead the price to decline towards $0.73 and $0.70. Key levels to watch are $0.96 for potential reversal and $0.77 for further declines.
COINBASE:ARBUSD
by Ritika_TCR
1
Arbitrum Price Crashes To An All Time Low: What's Next? Arbitrum Price Crashes To An All Time Low: What's Next? Arbiturm crashed to a new all time low breaking below October 2023 lows of $0.744 At the time of writing , Arbitrum was hovering close to $0.71 recording a sharp 6% fall in Intraday. Arbitrum price has been facing a challenge in the recent sessions and has crashed below record lows in Intraday today. The recent downturn in the Blue chip cryptocurrencies pushed the ARB price towards a new all time low. The ARB crypto was suffering a strong selling pressure since mid march and could not overcome it. The price has crashed nearly 63% in the last six months from its annual highs. Let's analyze whether the Arbitrum crypto would continue to lose its value or may shine again in the near future. Arbitrum is an Ethereum layer two scaling solution. It uses optimistic rollups to achieve speed, scalability and efficiency on Ethereum. Arbitrum Crypto: Volume & Volatility Analysis Arbitrum aims to provide compatibility, scalability and flexibility to their users. It allows the developers to deploy their programs written in programming languages like Rust, C++ etc. Moreover, there has been a notable development in the transaction volume intraday. The transaction volume has surged by 111% in intraday to $364.43 Million a day. A sharp fall in the price along with the volume support indicates the heightened sellers interest in the crypto. Moreover, the volume to market capitalization ratio at 16.1% indicates an increased volatility in the crypto. After a significant drop, it has a live market capitalization close to $2.32 billion and ranks 35th among all. Arbitrum Crashed Below An All time Low The recent sessions saw Arbitrum price trying to stabilize near its All time low. However, the weakness in the broader market after Bitcoin loomed below $60K triggered a breakdown. The price loomed to a record low breaking below the previous ATL. Currently, the selling pressure seems to be extremely high which may continue to erode more in ARB. On the lower side, the price may head towards a lower $0.7 and $0.65 levels support zone. However, It seems to be a bit difficult for the ARB to reclaim a bullish territory at the moment due to lack of buyers in the market. For ARB to make a bullish reversal, the price needs to consolidate to stabilize followed by a breakout of key 200 day EMA on the higher side. Can Arbitrum Recover From Record Lows? Arbitrum price has crashed to a new all-time low declining 63% from its yearly high in the past six months. The increased selling pressure in the broader market after Bitcoin fell below $60K, has exacerbated ARB's decline. The intraday transaction volume spiked by 111% to $364.43 million, suggesting increased selling activity. As of now, the sellers may continue to dominate in the short term and ARB may drop to support levels of $0.7 and $0.65. A bullish reversal seems unlikely without buyer interest and a breakout above the 200-day EMA.
COINBASE:ARBUSDShort
by Ritika_TCR
Can Divergence in Arbitrum price & DAA Data Trigger Another RallCan Divergence in Arbitrum price & DAA Data Trigger Another Rally A positive divergence observed between the Arbitrum price and the daily active addresses, suggesting the potential for an upcoming market rally. With the Arbitrum price surging by over 20% within a week, there's been a substantial rise in the number of active addresses. Arbitrum (ARB)crypto has been consolidating the gains near the pivotal 50-day Exponential Moving Average. The crypto bottomed out near the $0.95 level and made an upsurge amid the improved sentiments in the broader market. At the time of writing, the ARB crypto was exchanging hands close to $1.16 level, endeavoring to maintain its upward trajectory in anticipation of a further rally. Additionally, several metrics such as the divergence between price and Daily Active Addresses (DAA) alongside a growing number of active addresses suggest a rising demand. Lets analyze the metrics in conjunction with the ARB and try to draw a clear picture as to where the price may lead following the impact of the metrics data. Price And Active Address Showing Divergence! Moreover, a discernible positive divergence has been noted between the ARB price and daily active addresses count. This divergence suggests a growing engagement among users in recent trading sessions, which could lead to heightened demand and potentially elevate the price further. The term 'active addresses' denotes the distinct addresses of token holders engaging in transactions over a specific period. This indicates an uptick in usage and transactions of the token, hinting at an increased demand and valuation as the number of active addresses climbs. Typically, a surge in active addresses correlates with a favorable effect on the token's price and its market liquidity. These metrics shed light on both the immediate and extended patterns of a token's market presence and its broader acceptance. Are ARB Bulls Looking To Conquer $1.5 Next? The recent trading sessions have witnessed substantial buying activity in ARB, aiding its recovery from multi month lows. Yet, the currency has not fully emerged from its corrective phase to establish a bullish trend. At present, the price is oscillating around a critical supply zone, showing signs of consolidation. Should the bulls manage to breach the key resistance at the $1.25 mark, it could signal a shift in the trend, potentially leading to a formation of a higher lows on the price charts. On the higher side, the levels of $1.589 and $1.75 could serve as potential targets for profit-taking for the investors in the event of an upward breakout. Conversely, on the downside, the $1.12 and $1 marks could establish themselves as new support thresholds. Conclusion. Arbitrum (ARB) is showing signs of recovery, trading near $1.16 after bottoming out from multi month lows of $0.95. The crypto's consolidation around the 50-day EMA and a positive divergence in Daily Active Addresses (DAA) hint at increased user engagement and demand. Now, If ARB surpasses the $1.25 resistance, it may confirm a bullish trend reversal. Potential profit-taking levels may be observed near $1.589 and $1.75, while $1.12 and $1 could serve as new supports in case of pullbacks.
COINBASE:ARBUSDLong
by Ritika_TCR
1
demand for the ARB increasesThe 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.
COINBASE:ARBUSDLong
by Sam_TCR
1
demand for the ARB increasesThe Arbitrum Daily Chart underlines that price control was in bears' hand, as it failed to reach previous swing highs and decayed at a constant pace. Also, it has been stumbling below the 20-day EMA. However, the price structure was close to the demand area, where fresh buyers could enter. Moreover, the recent developments are also revving in the arbitrum, which could perhaps become a trigger for the breakout this year in Arbitrum. The ARB crypto has been trading at $1.0310 at press time. The technical indicators are bullish as MACD displayed a bullish cross. The RSI at 44.82 and has taken a support from 14-SMA. Therefore, if the demand for the ARB increases, it could bounce back with humongous strength from the current level. The next goal for the price could be reaching $1.550 and $2.000 price levels. However, if the ARB crypto price fails to sustain above the $0.9100 level, it could decline further and reach lower levels.
COINBASE:ARBUSDLong
by Sam_TCR
Will Arbitrum Sky Rocket!The ARB crypto has been trading at $0.9926, at press time. The technical indicators are bearish, but minor bullish signs have appeared in MACD as it has converged for a bullish cross. The RSI has reached 30 and it is exactly at 38.58. Therefore, despite the bearish indicators, the scenario could flip for the upside. Therefore, if the demand for the ARB rises, it could bounce back from the current level. Then the next goal for the price could be to reach $1.250, and $1.600. However, if the ARB crypto price fails to stay above the $0.9000 level, it could decline further and reach lower levels.
COINBASE:ARBUSDLong
by Sam_TCR
1