Arbitrum

Strong

The post <a href="https://coinpedia.org/price-analysis/arbitrum-price-displays-strong-bullish-trends-arb-price-to-hit-2-soon/" rel="noopener noreferrer nofollow">Arbitrum Price Displays Strong Bullish Trends! ARB Price To Hit $2 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
After displaying significant price volatility for over a week, the ARB price has regained momentum and successfully broke out of its key resistance level of $1.4594. Further, top altcoins have gained massive price action recently, indicating a switch of trend.
The <a href="https://coinpedia.org/price-prediction/arbitrum-arb-price-prediction/" rel="noopener noreferrer nofollow">Arbitrum price</a> traded in a narrow space between $0.904 and $1.0380 for over a week, following which the market gained momentum and the price broke out of the range. However, the rally was short-lived as the coin faced rejection at $1.1133.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/vjuJb1LXkU65Nd4w0CYf18AYaMVZm77BbaWOFqO_L37dpkdnJuTb5TYtJymRrwGGmwHBGvTkKNuF9BRrOUvn_qna_oMIocYHMxgJQJ62HgJ5lMjSGkf_UwnEWBaoqOUNPToiW7OEX6gkT_AmKthqeSk" alt="Arbitrum Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ARB/USDT
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</figure>
The ARB price then traded sideways for a while, after which the price regained momentum and displayed a jump of approximately 16%. Following this, the Arbitrum price displayed constant volatility and traded in a consolidated range between $1.0380 and $1.0236 for over two weeks.
As the market regained momentum, the price jumped over 31% within 24 hours, displaying a strong bullish sentiment in the crypto industry. After trading sideways in a closed range for a while, the ARB price recently recorded gains of over 21% in its value.
The technical indicator, MACD, displays a rising histogram, indicating an increasing buying pressure in the market. Further, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time.
<h2 class="wp-block-heading" id="h-will-arb-price-continue-rising">Will ARB Price Continue Rising?</h2>
If the bulls hold the price above the support level of $1.567, the ARB price will regain momentum and prepare to test its resistance level of $1.6743. Further, if the market holds the price at that level, it will prepare to test its upper resistance level of $1.75 in the coming days.
Negatively, if the bears overpowered the bulls, the Arbitrum price would lose momentum and fall to test its support level of $1.4594. Moreover, if the bears continue to dominate the market, it will plunge and test its lower support level of $1.3753.

Arbitrum Price Displays Strong Bullish Trends! ARB Price To Hit $2 Soon?

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