|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Arbitrum (ARB) Price Prediction 2024: Will ARB Recover Its ATH Soon?
Nov 06, 2024 at 08:04 pm
Arbitrum (ARB) price is expected to rise by 30.66% in the next 5 days according to our Arbitrum price prediction. ARB is trading at $0.531991 after gaining 10.12% in the last 24 hours.
The price of Arbitrum (ARB) is expected to increase by 30.66% in the next 5 days and could reach a price of $0.684661 by November 11, 2024, according to our Arbitrum price prediction.
ARB is currently trading at $0.531991 after gaining 10.12% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 9.90% in the same time period. ARB performed well against BTC today and recorded a 1.72% gain against the world’s largest cryptocurrency.
Our Arbitrum price prediction uses a range of technical indicators that suggest ARB could reach a price of $0.684661 by November 11, 2024. If the coin reaches this price, it would represent a 30.66% increase from the current price.
Chart: TradingView
Buy/Sell Arbitrum
What has been going on with Arbitrum in the last 30 days
Arbitrum has been displaying a negative trend recently, as the coin lost -4.29% in the last 30-days. The medium-term trend for Arbitrum has been bullish, with ARB increasing by 4.73% in the last 3 months. The long-term picture for Arbitrum has been negative, as ARB is currently displaying a -50.60% 1-year price change. On this day last year, ARB was trading at $1.08.
Arbitrum reached its all-time high price on March 23, 2023, when the price of ARB peaked at $8.67. The current ARB cycle high is $0.678523, while the cycle low is at $0.432172. ARB has been displaying low volatility recently – the 1-month volatility of the coin is at 5.15. Arbitrum recorded 15 green days in the last 30 days.
Arbitrum technical analysis for today - November 06, 2024
The sentiment in the Arbitrum markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $0.477106, $0.463689 and $0.454241, while $0.499971, $0.509419 and $0.522837 are the key resistance levels.
Bearish sentiment for Arbitrum
11 indicators are currently signaling a bullish prediction for Arbitrum, while 17 indicators are showing a bearish forecast. With 61% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Arbitrum.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the Arbitrum market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Arbitrum moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Arbitrum is positioned in the market right now.
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Arbitrum is at 39.45, suggesting that ARB is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Arbitrum over the last 50 days. Currently, Arbitrum is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ARB closing price for the last 200 days. ARB is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Arbitrum prediction
After considering the above factors, we can conclude that the current forecast for Arbitrum price prediction is Bearish. ARB would have to increase by 30.66% to hit our $0.6
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Blum Video Codes Dec. 24: Earn 1,000+ Blum Points (BPs) Daily With These Telegram-Based Exchange Codes
- Dec 25, 2024 at 01:50 am
- Blum users can earn additional Blum Points (BPs) every day with daily video codes. These points are awarded for completing tasks and watching videos in the Telegram-based decentralized cryptocurrency exchange.
-
- Ethereum (ETH) and Ripple (XRP) Holders Gear Up for Bull Run as a New PropFi Altcoin Gains Traction
- Dec 25, 2024 at 01:50 am
- The crypto bull run is heating up, and investors are searching for the next big opportunity. While Ethereum (ETH) and Ripple (XRP) dominate headlines, a new PropFi altcoin is quietly capturing the attention of savvy buyers.