Ethereum

Arbitrum

Injective

Optimism

Rise

Renowned for predicting the peak of the 2021 <a href="https://en.coin-turk.com/signs-of-rising-in-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/crypto-markets-bull-run-peter-schiffs-skepticism-vs-positive-btc-etf-news/" data-wpel-link="internal">BTC</a>) bull market, crypto analyst Pentoshi has announced his expectation for a rise in Ethereum scaling solution Arbitrum (ARB). The analyst also anticipates a continued uptrend in the recent trending altcoins Injective (INJ) and Optimism (OP). 
<h2 style="text-align: justify" id="strong-arbitrum-s-arb-token-faces-a-critical-threshold-at-1-70-strong">Arbitrum’s ARB Token Faces a Critical Threshold at $1.70</h2> 
The anonymous crypto analyst Pentoshi told his followers on his personal Twitter account that he expects a rise in Arbitrum. According to the analyst, if ARB successfully overcomes the resistance at $1.70, it is likely to make a significant breakout: 
<blockquote> 
 I think it needs to break above $1.70 to really excite someone. It has a high chance of trading there in the short term. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-293407" src="https://coin-turk.com/wp-content/uploads/2023/12/Arbitrum-ARB-Altcoin-scaled.jpeg" alt="" width="2560" height="1600"> 
According to data from the crypto data and price platform CoinMarketCap, ARB has seen a 3.99% decrease in the last 24 hours, trading below Pentoshi’s indicated threshold at $1.38. 
<h2 style="text-align: justify" id="strong-injective-inj-and-optimism-op-under-close-surveillance-strong">Injective (INJ) and Optimism (OP) Under Close Surveillance</h2> 
Furthermore, Pentoshi is closely monitoring Injective, a decentralized exchange aiming to offer various <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> products including spot trading and futures. The analyst believes that there is no resistance left to halt the altcoin’s price discovery, hence the path is clear: 
<blockquote> 
 INJ has one of the craziest charts in the market and is currently in price discovery. So, its path is clear right now. I think if given a chance, below $30 would be a great buying opportunity. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-293408" src="https://coin-turk.com/wp-content/uploads/2023/12/Altcoin-IN-scaled.jpeg" alt="" width="2560" height="1637"> 
The analyst also highlighted another Layer 2 altcoin, Optimism‘s OP, stating that after breaking its all-time high of $3.29, there is no known resistance ahead, adding: 
<blockquote> 
 OP is also about to start its price discovery… Usually, some consolidation during discovery and then a likely continuation of the rise makes it a great time to buy. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-293409" src="https://coin-turk.com/wp-content/uploads/2023/12/Altcoin-OP-scaled.jpeg" alt="" width="2560" height="1612"> 
Current data shows INJ has fallen 8.08% in the last 24 hours to $40.44, while OP has decreased by 4.75% to $3.56 in the same time frame. Continue Reading: <a href="https://en.coin-turk.com/crypto-analyst-pentoshi-anticipates-rise-in-arbitrum-and-tracks-inj-and-op-altcoins/" data-wpel-link="internal">https://en.coin-turk.com/crypto-analyst-pentoshi-anticipates-rise-in-arbitrum-and-tracks-inj-and-op-altcoins/</a>

Crypto Analyst Pentoshi Anticipates Rise in Arbitrum and Tracks INJ and OP Altcoins

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