Home
News
- 1 Arbitrum crypto price chart exhibits a strong short and long term outlook.
- 2 ARB crypto currently was at $2.314 with a collective weekly gain of over 18%.
Arbitrum crypto is a mixed bag in today’s session. The price registered moderate gains in the morning. However, it edged lower in the afternoon session, drifting some portion of the gains received in the morning.
Moreover, the price hovers back and forth on a four-hour time frame thus showcasing a consolidation phase. The 50-Day EMA on the four-hour chart seems to be acting as a support and pushing the price higher.
Earlier, the Arbitrum price traded strongly on the daily chart, except for the past couple of sessions. In the recent sessions, the ARB crypto price noted a back to back three sessions in red, thereafter recovering in the past 2 sessions.
Arbitrum Crypto Price Technical Analysis
The analysis of the daily chart gives a strong positive outlook. The bulls are dominating and are aiming for higher targets.
As per technical perspective, the ARB cryptocurrency is hovering above the 20-Day EMA, which lies above the 50-Day and 200-Day EMAs suggesting a strong trend.
At press time, RSI was positioned at 63.62 points, hovering in a bullish zone above and slightly below the SMA line. The SMA line was at 69.68 points indicating the RSI is returning from the overbought zone.
Moreover, the MACD line and the signal line are above the zero line indicating positivity in the trend. The MACD lines are about to make a bearish crossover suggesting that short term correction is likely on the ARB crypto chart.
Arbitrum Crypto Volume Analysis
The volume analysis shows that the ARB crypto has received a total of $656.60 Million in volume in the past 24 hours which is 3.17% more than the previous day. The ARB cryptocurrency had a market cap of $2.679 Billion and ranked 35th among all cryptos.
The volume to market cap ratio is 23.16% highlighting high volatility in the crypto.
Arbitrum Prediction January 2024
As per the most optimistic view of our analysts, the ARB price could reach a high of $2.415 by the end of the month. The bearish view of analysts hopes for a breakdown below the recent support after which the price may drop to a low of $1.84.
Arbitrum Price Prediction 2024
The price prediction for 2024 shows that Arbitrum crypto may advance to a high of $3.379 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $2.743 by the end of year 2024.
Arbitrum Price Prediction 2025
The price prediction for the year 2025 shows that the crypto could attain a high of $4.82 as per the most positive view of our analysts. The most negative view of the analysts assumes that the price could reach $3.52 by the end of financial year 2025.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
