Arbitrum

Coin

<ul class="news-points"> 
 <li>ARB price recovers after support bounce; bullish trend possible.</li> 
 <li>Keltner Channel contraction hints at ARBUSD breakout potential.</li> 
 <li>RSI and CMF trends suggest bearish pressure persists for ARBUSD.</li> 
</ul> 
In the last 24 hours, the <a href="https://coinedition.com/tag/arbitrum-arb/" rel="noopener noreferrer nofollow">Arbitrum (ARB)</a> market has been under selling pressure after an early attempt to breach resistance at $1.1431 failed. As a result, bears drove ARB down to a 24-hour low of $1.12, where support was established. 
However, the market has begun to recover as bulls rushed to buy at the support level. The bulls pushed the ARB price to a 24-hour high of $1.15, reclaiming some of the lost ground. 
The increase in buying pressure points to a possible bullish trend in the Arbitrum market, with traders anticipating further gains. However, as of press time, ARB was trading at $1.14, a 0.20% decrease from its 24-hour high. Despite the slight dip, overall sentiment remains positive as traders believe in the market’s upward potential. 
ARB’s market capitalization fell by 0.14% to $1,451,587,645 during the decline, while its 24-hour trading volume increased by 27.80% to $156,143,642. Despite the temporary price drop, this increase in trading volume indicate… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/arb-price-bounces-amid-bearish-pressure-will-bulls-prevail/">ARB Price Bounces Amid Bearish Pressure: Will Bulls Prevail?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ARB Price Bounces Amid Bearish Pressure: Will Bulls Prevail?

Coin Edition

Other articles published on Aug 8, 2023

Dormant Bitcoin stocks highlight a strong investment preference for holding

Will Borroe Outdo Stellar and Shiba Inu in Profit? Market Experts Weigh In

More crypto traders tracking BNB, Litecoin, Pomerdoge

Bitdeer Soars with 41% Increase in Bitcoin Mining and Major Expansion in Bhutan

Cypher Protocol freezes smart contract amid $1m exploit

Is 2023 The Year of Meme Coins? These 3 Meme Tokens Are Going to Outperform The Market

Join our free newsletter for daily crypto updates!