Rally

Arbitrum

Internet Computer

Show

Sleep

<p>After a prolonged period of slow price action, there are signs that Arbitrum’s native token ARB may be gearing up for a major breakout. As crypto analyst Moustache points out, the token has formed several bullish technical patterns that could propel it to new all-time highs if key resistance levels are surpassed.</p>
<p><strong>Descending Broadening Wedge Breakout</strong></p>
<p>The first bullish pattern highlighted by Moustache is a descending broadening wedge on the ARB/USDT chart. This is a price pattern marked by lower highs and lower lows, with support and resistance lines expanding outward over time.</p>
<p><a href="https://twitter.com/eel_crypto_prof/status/1741483381362171921?t=YXiYE7eVOGvxiR0Xf2iokg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">According to Moustache, </a>ARB appears poised to break out from this wedge to the upside soon. A break above resistance around $1.60 could be the catalyst for a strong rally, especially considering the token’s all-time high sits just above at $1.69.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-1024x503.png" alt="" class="wp-image-411000" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-1024x503.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-767x377.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-1536x755.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-2048x1006.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-305x150.png 305w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-712x350.png 712w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880-788x387.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-880.png 702w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Inverse Head and Shoulders Taking Shape</strong></p>
<p>In addition to the broadening wedge, Moustache points to a potential inverse head and shoulders pattern taking shape on ARB’s chart. This bullish reversal pattern forms after a sustained downtrend and consists of a left shoulder, a head, and a right shoulder, with the neckline acting as key resistance.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>As Moustache notes, if ARB can break out above the neckline, it opens up a path to retest prior all-time highs and possibly set new ones. With the right shoulder currently forming, the moment of truth for bulls could come quite soon.</p>
<p><strong>Ecosystem Poised to Benefit</strong></p>
<p>If ARB does see renewed momentum, Moustache believes it could lift up other tokens in the Arbitrum ecosystem as well. In particular, he cites Rally (RLY) and Winnr (WINR) as two tokens that could piggyback on any ARB strength.</p>
<p>Rally brings branded tokens and rewards programs to Arbitrum, while Winnr focuses on sports betting and predictions. Both leverage Arbitrum for superior speed and low costs compared to Ethereum L1.</p>
<p>Overall, after a relatively quiet 2022, ARB could be gearing up for its next leg higher in 2023 according to crypto analysts. With bullish reversal signs appearing, a break above the $1.60 level could be the gateway to new all-time highs and an influx of growth for the wider Arbitrum ecosystem. Now is the time for investors to pay close attention.</p>
<p>As Moustache says:</p>
<p>“I think the entire ARB ecosystem will fly in the near term.”</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspa-kas-secures-new-exchange-listing-again-despite-unencouraging-price-action/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS) Secures New Exchange Listing Again Despite Unencouraging Price Action</a></li>
 <li><a href="https://captainaltcoin.com/why-is-creditcoin-ctc-pumping-there-is-even-room-for-further-price-increase/" target="_blank" rel="noopener noreferrer nofollow">Why Is Creditcoin (CTC) Pumping? There Is Even Room for Further Price Increase</a></li>
 <li><a href="https://captainaltcoin.com/why-is-internet-computer-icp-price-surging-analyst-anticipates-30-more-price-rise-from-here/" target="_blank" rel="noopener noreferrer nofollow">Why Is Internet Computer (ICP) Price Surging: Analyst Anticipates 30% More Price Rise From Here</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/arbitrums-arb-silence-finally-coming-to-an-end-but-breakout-of-this-zone-is-crucial-to-major-price-increase/" rel="noopener noreferrer nofollow">Arbitrum’s ARB Silence Finally Coming to an End but Breakout of This Zone Is Crucial to Major Price Increase</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Arbitrum’s ARB Silence Finally Coming to an End but Breakout of This Zone Is Crucial to Major Price Increase

목차

CaptainAltcoin

2023년 12월 31일에 게재된 다른 기사

A group of 20 whales that accumulated $TRB at levels of $15 made a profit of 270 million dollars ...

Ripple Developers Floats Meme Contest in Year-End Community Boost

Ethereum (ETH) and Solana (SOL) rise slowly in value while Pushd (PUSHD) launches new presale

Why Maker (MKR) Can Reach $2,000 as New Year Fever Begins

Cardano (ADA) Breaks New Ground in Cross-Chain Compatibility

Similarities Between PEPE and Dogecoin Suggest Potential Price Surge

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!