Arbitrum

<ul><li>RB token experienced a noteworthy 13% surge within a week.</li><li>Investors reveal increasing confidence, reflected in heightened Open Interest.</li><li>The bullish momentum might witness a pause following a bearish engulfing pattern.</li></ul>Arbitrum&#39;s ARB token has recently showcased an impressive price trajectory, gaining considerable momentum after recovering from a September dip that saw its value touching a low of $0.75. The subsequent bullish momentum faced a momentary challenge around the $0.919 resistance mark. However, with substantial buying pressure, this resistance transformed into a newfound support.Interestingly, the upswing in ARB’s price coincided with Bitcoin’s price journey, as the latter ventured around the $28,000 mark. While ARB has the potential to touch or even cross the $1 milestone, any downturn in Bitcoin&#39;s trajectory below $28k might introduce a fresh wave of sellers, potentially pressuring ARB&#39;s current support of $0.919.Diving deeper into the metrics, data from <a href="https://coinalyze.net/arbitrum/open-interest/" rel="noopener noreferrer nofollow">Coinalyze</a> paints a positive picture for Arbitrum. The Open Interest figures, which denote the total number of outstanding contracts that haven’t been settled, have jumped from $89.46 million to an impressive $122.74 million in merely five days. Such a surge typically translates to an increased bullish sentiment, indicating that many are optimistic about the ongoing rally and wish to participate.Read full article at <a href="https://cryptotale.org/arbitrum-arb-bulls-seek-surge-past-1-amidst-favorable-market-signals/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Arbitrum (ARB) Bulls Seek Surge Past $1 Amidst Favorable Market Signals

CryptoTale

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