Arbitrum

Resistance

Million

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>Arbitrum crypto price is currently trading above the key moving averages, showcasing bullishness.</a></li>
 <li><span>2</span> <a>At press time, ARB had a market cap of $1.436 Billion.</a></li>
</ul>
<p>The Arbitrum cryptocurrency price shows a bullish chart structure and is trading above key moving averages, showing the buyers’ dominance in past trading sessions. Moreover, the chart structure favors the buyers and suggests follow-up buying that will lead to $1.3003 in the next session.</p>
<p>ARB crypto price is trading above neutral levels and has shown buying momentum in recent sessions. The ARB cryptocurrency has shown an optimistic outlook and continues to overcome obstacles resolutely. It is expected to break out of the $1.3003 range.&nbsp;</p>
<p>At the time of publishing, the price of the ARB cryptocurrency plunged by 9.56% intraday and was trading at $1.1317, highlighting the bullishness on the chart. Moreover, the trading volume is $894.535 Million and the market capitalization is $1.435 Billion.</p>
<h2 class="wp-block-heading" id="strong-how-arbitrum-crypto-price-is-performing-on-the-1-d-time-frame-a-technical-analysis-strong"><strong>How Arbitrum Crypto Price is Performing on the 1-D Time Frame: A Technical Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1272" height="544" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391.png" alt="Arbitrum Crypto Price Forecast: Will ARB Reach the $2 Mark?" class="wp-image-184194" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391-300x128.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391-1024x438.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391-768x328.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391-750x321.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-391-1140x488.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Arbitrum.1D.USD by TradingView
  </figcaption>
 </figure>
</div>
<p>The Arbitrum (USD: ARB) cryptocurrency is currently trading above its 50-day and 200-day EMAs.</p>
<p>The current RSI value is 53.19 points. The 14 SMA is above the center line at 56.78 points, highlighting the bullish nature of the Arbitrum cryptocurrency. The MACD line at 0.0343 and the signal line at 0.0264 are above the zero line. A bullish crossover is observed in the MACD indicator, which indicates strength in the price of the ARB cryptocurrency.</p>
<h2 class="wp-block-heading" id="strong-what-the-weekly-timeframe-tells-about-arb-crypto-strong"><strong>What the Weekly Timeframe Tells About ARB Crypto</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1273" height="544" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390.png" alt="Arbitrum Crypto Price Forecast: Will ARB Reach the $2 Mark?" class="wp-image-184193" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390.png 1273w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390-300x128.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390-1024x438.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390-768x328.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390-750x321.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-390-1140x487.png 1140w" sizes="(max-width: 1273px) 100vw, 1273px">
  <figcaption class="wp-element-caption">
   Source: Arbitrum.1D.USD by TradingView
  </figcaption>
 </figure>
</div>
<p>During the week, the price of the <a href="https://www.thecoinrepublic.com/2023/12/11/ethereum-trades-over-2200-is-eth-anticipating-to-claim-2500/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum cryptocurrency</a> is showing strong bullish momentum, forming a higher structure and trading above the key moving averages.&nbsp;</p>
<p>The current RSI value is at 53.35 points, which is close to the overbought level. The 14 SMA is above the center line at 46.26 points, highlighting the bullish nature of the Arbitrum cryptocurrency.&nbsp;</p>
<p>The MACD line at -0.0202 and the signal line at -0.662 are below the zero line but rising high. There is a bearish crossover in the MACD indicator, which indicates weak momentum in the price of the ARB cryptocurrency.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Price movements reflect the current favorable outlook. Nevertheless, investors and traders must prepare for the next step. The MACD, RSI, and EMAs are giving positive signs, implying that the ARB cryptocurrency price may continue to rise. However, as buying volume rises, the price is expected to mark new highs to maintain the bullish momentum. Meanwhile, the Arbitrum price is expected to move higher, giving a bullish viewpoint on the daily chart.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $1.0747 and $0.9422</p>
<p>Resistance Levels $1.3003 and $1.4000</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Arbitrum Crypto Price Forecast: Will ARB Reach the $2 Mark?

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