Decoding, What's Next To Come In ARB Price In 2024?
ARB's price peaked in Q1 2024 after finding support in Q4 2023. Despite multiple attempts to rise in Q1, supply pressures dominated. The peak of $2.4072 led to a continuous decline through Q2 and Q3 2024, reaching a low of $0.4286 by August 5th, 2024.
However, the price stabilized and didn't fall further. In the short term, Q3's price action formed a bullish descending triangle pattern, which recently broke out due to market optimism.
ARB's price prediction highlights that in the short-term it could move towards the 200-day EMA, supported by the 20-day and 50-day EMAs. Short-term targets are $0.6500 and $0.8800.
If the price sustains above the 200-day EMA and surpasses these short-term targets, a long-term bullish trend could develop, aiming for $1.25, $1.55, and $1.90.
On the contrary, if short-term targets are not met, the price may consolidate or turn bearish. Monitoring the change of character phenomenon is crucial to build confidence. Investors should avoid FOMO and conduct their own research (DYOR).
ARBUSD.PM trade ideas
Arbitrum Price Analysis: Can ARB Be A Good Pick For September? Arbitrum Price Analysis: Can ARB Be A Good Pick For September?
Meta Description: Arbitrum price gained traction and headed towards north amid the broader market recovery
Arbitrum price seemed to be recovering in the recent sessions amid the broader market recovery.
The price DAA divergence indicator highlights a positive divergence indicating the possibility of a bullish reversal.
Arbitrum price gained traction and headed towards north amid the broader market recovery. The crypto currently stands at a moderate weekly gain of 10.81% indicating the recovery in the recent sessions.
Moreover, Despite the recent recovery in the short term, the investors seemed to be confused as Arbitrum still hovers in a long term bearish trend as per the key 200 day Exponential moving average.
However, the analysts have noted a bullish divergence in an important on-chain metrics: price DAA divergence indicator which hints at a possible recovery in ARB price. Let's analyze it and try to find a possible trajectory in Arbitrum in the short term.
ARB Price DAA Divergence Indicator Highlights A Bullish Scenario Ahead
At the time of writing, Arbitrum was trading close to $0.59 indicating a swift intraday loss of 0.79%. Despite losing intraday, the crypto still boasts a positive weekly jump of 10.81% indicating a recovery in the recent sessions.
Moreover, in tandem with the price recovery in the recent sessions, the analysts have noted a significant shift in the price DAA (Daily active address) divergence indicator. As per the analysts, a positive divergence was observed between the ARB price and Daily active addresses indicating a possible recovery in the crypto price.
Daily active address is a metric used to identify the number of users taking part in a particular transaction in a given period of time. A positive divergence between the price and daily active addresses generally indicates a bullish scenario.
It has a live market capitalization of $2.08 Billion and ranks 41st in the cryptoverse. The volume to market cap ratio at 7.99% suggests mid volatility.
Can Arbitrum Mark A Bullish Reversal Next Month
From a price action point of view, Arbirtum seemed to be in a short term consolidation near the demand zone of $0.5 level. However the long term trend seemed to be bearish below the 200 day Exponential moving average.
On the higher side, the $0.64 level may act as an immediate resistance which if surpassed unlock ARB price potential to the higher supply of $0.95 and 200 day EMA. On the lower side, the $05 level may act as an immediate support.
Now, if the price breaks below the $0.5 level, it may validate a bearish continuation and the price may suffer more. Additionally for a bullish reversal, ARB price needs to surpass the higher supply of $0.95 level. Until the price is maintained below $0.95 level, it may face the risk of selloff at the higher levels.
Arbitrum price witnessed 10.81% gain a week amid a broader market recovery. The short term trend outlook seemed to be improving however, the long-term trend still remained bearish below the 200-day EMA. The analysts noted a positive divergence between ARB price and daily active addresses, suggesting potential recovery.
As of now, Arbitrum was consolidating near the $0.5 demand zone. Immediate resistance is at $0.64, with potential to reach $0.95 and the 200-day EMA if surpassed. Immediate support is at $0.5; a break below this could continue the bearish trend. For a bullish reversal, ARB must surpass $0.95.
ARB Bull Run Setup - ARB is looking good and sitting at a great POI to accumulate before it moves up parabolically
- I look for a larger upside because catching these at their base is always lucrative instead of catching them after they move 50%
- If your investment horizon is 3-6 months then you can easily yield 30-50% by allocating a small size in your Portfolio, especially in altcoins
- If you still wanna wait for confirmation then better wait for a weekly sweep above 0.83$ and then look for swings
- I don't prefer or do leverage at all but still, if you're looking for scalps or short swings better filter the chart on an hourly timeframe and then look for setups
What Does Arbitrum (ARB) Price Signified?
The ARB price signified a bullish spike in the last couple of days, after a prolonged plummetting of gains from the second quarter of 2024.
After the fall, the price formed support at $0.4243 but showed bearishness in price and a lack of strength in price. The long decline stopped with the coinciding news lately of Franklin Templeton, which gave its investors hope to stay invested without exiting their positions in the loss.
If the manifested gains, as of writing, compound, then the price could surge. But for that, sustenance above $0.8859 happens to be a compulsion. Thus, as of writing, the resistance levels are $0.859, and $1.5475, respectively.
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.
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.
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.
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.
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.
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.