Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Price action in the Arbitrum market has shown an impressive performance after it exceeded a 1-month high in the ongoing trading session. Furthermore, both technical indicators and price behavior seem to hint at more possible upside retracements in this market.
ARB Statistics
Arbitrum Value Now: $1.3111
ARB Market Cap: $1,668,875,032
Arbitrum Circulating Supply: 1,275,000,000
ARB Total Supply: 10,000,000,000
ARB CoinMarketCap Ranking: 34
Major Price Levels:
Top: $1.3111, $1.4000, and $1.5000
Base: $1.3000, $1.2000, and $1.1000
Buyers Are Aggressively in Pursuing the $1.4000 in the Arbitrum Market
On the Abitrum daily market, price action has exceeded previously held resistance at the 61.80 Fibonacci Retracement level. Consequently, price action in the ongoing session is already eying the resistance at the $1.3575 price mark.
Meanwhile, trading activities in this market are now occurring significantly above the 9- and 21-day Moving Average curves. Simultaneously, the Stochastic RSI is also indicating that upside momentum remains strong.
By implication, this suggests that prices are more likely to approach higher price marks as indicated.
The ARBUSDT Bulls Are Showing Determination to Visit the $1.3650 Resistance Level
On the 4-hour market, the ARBUSDT price action reveals that the upside retracement is likely to approach the $1.3650 mark shortly. A retracement of this price level is likely to increase buying pressure at this point.
A new bullish price candle has appeared on the market and has popped through the 1.3090 resistance price mark. However, the appearance of this price candle suggests that buying activity is limited in the ongoing session.
Nevertheless, price action remains above the MA curves, while the RSI curves maintain an upside bearing. Consequently, this is indicative of the fact that price action is ready to extend the retracement towards the $1.4000 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
