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- 1 The ArbDoge AI crypto bounced back from the lower levels and broke out of the 200-Day EMA.
- 2 The buying volume in recent sessions suggests a positive outlook ahead if the momentum continues.
The ArbDoge AI crypto has been showing significant gains in recent sessions. The crypto is up for the second consecutive session after the breakout of the 200-Day EMA. The buyers are plying bullish bets which has helped the crypto recover in the recent sessions.
The buyers have registered their presence at the lower levels as the price has reclaimed the territory above the 200-Day EMA. Now if the crypto trades comfortably above it. It may indicate the end of the correction phase and the crypto may resume its way upwards.
However, if the price is unable to sustain above the 200-Day EMA and drops back below it. Then, it may invite more sellers at the lower levels and the crypto may reverse its trend to the negative side.
ArbDoge AI is an experiment in the Arbitrum ecosystem, with no VC or team shares. All tokens go to the community. The creators are AI organisms who love Arbitrum and AI+Web3. They want to build powerful products with the community. AIDOGE lives on code and $ARB.
ArbDoge AI Technical Analysis
From a technical perspective, ArbDoge AI crypto recently broke out of the 200-Day exponential moving average (EMA), suggesting a bullish outlook in the upcoming sessions. Moreover, a bearish crossover of the 50 and 200-Day EMAs was noted, highlighting a short-term bearish trend.
At the time of writing, the MACD line and signal line both were placed near the zero line indicating the initiation of a bullish trend. Also, the MACD line has made a bullish crossover of the signal line, indicating a positive outlook in the upcoming sessions.
ArbDoge AI Crypto Volume Analysis
ArbDoge cryptocurrency received $6.45 Million in Volume in the past 24 hours with a decrement of 2.85% as compared to the previous day. The volume to market cap ratio is 23.58% indicating high volatility in the crypto.
ArbDoge AI Price Prediction For February 2024
The most optimistic view of our analysts predicts an upside potential of over 18.2% by February end, which could take the ArbDoge AI price above the $0.000000000196 mark.
On the other hand, the bearish view of analysts predicts that the price could drop near the lower levels of $0.00000000015 and $0.00000000011 level if it breaks below the 200-Day EMA.
ArbDoge AI Price Prediction for 2024
The price prediction for 2024 shows that the ArbDoge AI may advance to a high of $0.000000000305 by the end of 2024. The less optimistic analysts estimate a price target of $0.000000000247 by the end of the year.
ArbDoge AI Price Prediction for 2025
As per the most positive view of our analysts, the price may hit the $0.000000000501 mark, suggesting an upside potential of 131.7% by 2025. The pessimistic view is that the price could reach $0.000000000351 by the end of the 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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
