Arbitrum

Bitcoin ETF

Dogecoin

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 <p class="is-style-lead">Arbitrum (ARB) has gained momentum with a strong buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> surfacing after recording a 13.6% <a rel="noopener noreferrer nofollow" title="decline" href="https://thebittimes.com/tag/decline.html">decline</a> over the past week.</p>
 <p>ARB is up by 1.5% in the past 24 hours and is trading at $1.7 at the time of writing. The asset’s market cap surged to $2.17 billion with a daily trading volume of $535 million.&nbsp;</p>
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   <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2024/01/25/e6a9c20c40f0f98485c3f49cdfbcf7f1.webp" alt="ARB buy signal emerges after a week of constant declines - 1"> 
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   ARB price, whale activity, RSI and social volume – Jan. 25 | Source: Santiment
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 <p>Notably, ARB’s bullish momentum comes as the global crypto market cap sees a 0.4% surge over the past 24 hours — currently standing at $1.63 trillion. The global daily trading volume, however, has <a rel="noopener noreferrer nofollow" title="decline" href="https://thebittimes.com/tag/decline.html">decline</a>d by 32% — hovering around the $57 billion mark at the reporting time.&nbsp;</p>
 <p>According to data provided by Santiment, Arbitrum’s social volume increased by 126% in the past 24 hours. Data shows that the social activity around Arbitrum recorded sharp <a rel="noopener noreferrer nofollow" title="declines" href="https://thebittimes.com/tag/declines.html">declines</a> along with its price over the past week.</p>
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 <p>One of the main reasons for ARB’s price drop could be the $1.7 million Concentric app hack on Jan. 22.&nbsp;</p>
 <p>Data from Santiment shows that the ARB Relative Strength Index (RSI) fell from 46 to 23 over the past day. The indicator suggests that Arbitrum has been facing low volatility and selling pressure.&nbsp;</p>
 <p>Consequently, the token could potentially witness bullish momentum as investor optimism rises.</p>
 <p>Moreover, per Santiment, ARB’s price-daily active addresses (DAA) divergence is currently standing at 152%, showing a strong buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> as there’s a lower chance of whale price manipulation.</p>
 <p>It’s important to note that the whale transactions consisting of at least $100,000 worth of ARB tokens <a rel="noopener noreferrer nofollow" title="decline" href="https://thebittimes.com/tag/decline.html">decline</a>d from 664 to 537 over the past day, according to the market intelligence platform.</p>
 <p>Per a report on Jan. 3, the total value locked of the Arbitrum One platform surpassed the $10 billion mark after registering a 15% surge in a day. This shows strong potential for both Arbitrum and its native digital asset ARB.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/arb-buy-signal-emerges-after-a-week-of-constant-declines-tbt77680.html">https://thebittimes.com/arb-buy-signal-emerges-after-a-week-of-constant-declines-tbt77680.html</a></p>

ARB buy signal emerges after a week of constant declines

TheBitTimes

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