2024-3-18 12:10 |
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Arbitrum (ARB) displays significant bearishness amid prolonged declines. Faded profitability, dwindled market sentiments, and weak engagements position ARB for more dips. According to IntoTheBlock data, around 1.
Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier. The ARB price reached a high of $1.
Cryptocurrencies remained in the green today as Bitcoin targets $100K again after weekend dips. Meanwhile, Arbitrum (ARB) emerged among today’s top gainers after a 17% climb on its 24-hour chart.
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Following this month’s surge, ARB is now looking bullish after breaking out of a key range yesterday. Though the price is currently down due to a recent rejection, we can anticipate a strong recovery soon.
ARB’s structure is still on a downward slope on the macro level, though it took a slight break in selling after posting a small gain months back. It appears down on the day as it traded flat for almost a week.
ARB’s bears appeared to have reached an exhaustion point following the latest increase, initiated after a slight fall. The asset is currently accumulating daily as the price is slowly jerking up for a big rally.