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Arbitrum

Market Update - January 5 2024 Bitcoin gains 156% in 2023: Bitcoin (BTC) managed to close out 2023 with an impressive 156% gain, rising from ~$16k to over FWB:42K as the leading crypto asset regained credibility following numerous high profile collapses in the previous year. Throughout the second half of 2023, BTC prices generated strong momentum as confidence grew around the possible approval of a US-based spot Bitcoin ETF. Despite volatile start to 2024 and negative ETF report, bitcoin remains in the $43k-$44k range: Anticipation of the coming spot bitcoin ETF decision (expected by January 10) was palpable on Wednesday, as BTC abruptly fell more than 10% following dissemination of a Matrixport report suggesting that the SEC could reject all pending ETF applications. As the story developed, there was no source to suggest that a decision to reject the ETFs had been made, and with most evidence so far suggesting there will be an approval announcement before the deadline next week, BTC bounced back to the $44k level. Ethereum co-founder Vitalik Buterin shares a robust 2024 roadmap: Ethereum will continue its focus on its six main priorities: the Merge, the Surge, the Scourge, the Verge, the Purge and the Splurge. With the approval of a US-based spot bitcoin ETF potentially days away, some market participants are already eyeing up a potential ether ETF this summer as the next catalyst for the second most popular crypto. Interest rates expected to fall in 2024, but strong jobs report may delay rate cuts: Minutes from the Fed’s December meeting showed that rates are most likely at their peak with nearly all officials predicting lower rates in 2024. There appears to be disagreement, however, on how long rates will stay at the current elevated levels. On Friday, the final jobs report of 2023 showed that employers added 216,000 jobs in December, well above expectations, and potentially complicating the outlook for a rate cut early in 2024. Sei and Arbitrum outperform to start 2024: SEI, the Sei Network’s governance token, is trading up +25% over the past seven days and reached a new all time high above $0.80 as the network continues to see growing adoption. Arbitrum (ARB) was another outperformer this week, gaining +28% over the past seven days, with the token briefly crossing the $2 mark. ⚖️Topic of the Week: Blockchains and Scaling Solutions ⏭️ Read more here
GEMINI:BTCUSD
by Gemini
Arbitrum price maybe in the process of forming "Cup with handle"A lot of ARB tokens were given away for free, there are a lot of holders large and small. Sooner or later, "the big wallets" will organize a coin pumping, but right now, we wouldn't risk buying ARB in our crypto portfolio. The trading range of $1-1.30 is another matter: there was a certain "struggle" between buyers and sellers, a certain redistribution of capital took place there, and we would try to buy ARBUSDT for 1-3% of the investment deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
8
$ARB #Arbitrum preparing for the skies...As i said in my previous ideas, #ARB is heavily undervalued and I say this again. AMEX:ARB must reclaim new highs and ATH. This L2 season will be insane. Op has started the race, now it' s the time for ARB and MATIC / Polygon. In short time frame, the cup has formed and now the price is forming the handle. If declination does not come from the last week' s top, $Arbitrum price will likely visit the previous All Time High. NOT FINANCIAL ADVICE.
Long
by naphyse
#ARB #VIP #VIPRoom #Eddy#ARB #VIP #VIPRoom #Eddy The analysis is requested Don't forget to get confirmation and login trigger in the lower time frame In my opinion, Arbitrum target will hit 10 dollars very easily 😎 If we compare it with currencies like UNI in daily time frames, check it up or separately, you will see what behaviors you see in the past chart, and bring it up from UNI in the time frame. Now implement the chart for ARB currency, you will reach the targets of 600 to 1000 percent 👨🏻‍💻 Of course, I also have some analytical views of different styles and fundamentals and market making on the targets I give. » Don't forget to get approval » Don't forget risk and capital management ⚠️ Attention! ((Look at the position and movements of Bitcoin, as well as the general state of the market and indicators, please confirm))
Long
by Eddy_Trade_
2
Arbitrum ($ARB) Upward Trajectory Could Continue For most of November and December, Arbitrum fluctuated in a narrow range between $1.0 and $1.2. The asset witnessed a rapid 44% increase starting December 22, reaching a new local high at $1.66. Currently, Arbitrum oscillates between a support zone of $1.45-$1.51 and a resistance range of $1.61-$1.67. If BTC remains around the $43,000 mark, ARB's upward trajectory could continue, potentially challenging the resistance level at $1.7 and nearing its all-time high of $1.81. A correction, though currently seeming less likely, could be triggered if Bitcoin declines, with key support levels at $1.39 and a range between $1.24-$1.32 possibly halting the downturn.
COINBASE:ARBUSDLong
by DEXWireNews
ARB looks bullishOn our chart we have ascending CH and BOS. Bullish momentum is good. We have also had a good Break Out on the chart. A supportive swap zone is formed which is our Buy Zone. If it pulls back to the green range, you can enter a buy/long position. TPs are clear on the picture. Fixing a daily candle below the green range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
2
$GRAIL is preparing for mooning..#Grail is #camelotexchange 's native token. Camelot is #Arbitrum 's one of the leading exchange. With #ARB 's moving , GRAIL has started the bull run. Now , #GRAIL is testing the resistance. I pointed the targets on chart whether price declination or breaking out. Grail' s market cap is extremely low for a leading exchange. I think it' s undervalued. But , beware if LSE:ARB or MIL:BTC dumps , grail will dump faster. Always, DYOR. NOT FINANCIAL ADVICE.
Long
by naphyse
🔥ARB Hype Wiped Out: Time To Buy and Make 300% Profit?Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point. The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its growth. 💥 the time is coming for this ETH ecosystem altcoin. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
Going Long Arbitrum to 1.22+Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am entering now is because of what our RSI chart is showing. We are fairly close to hitting that ascending TL once again and everytime we do, there is a nice pump that follows. Quite simply, I just don't want to miss it. So, if we do drop to the bottom of the triangle, I'll hold right through expecting more upside movement to come soon. This is how I am trading it anyways. You do you.
COINBASE:ARBUSDLong
by stewdamus
Arbitrum ($ARB) Experiencing Gradual Increase In contrast to several altcoins that have witnessed rapid price surges, ARB has been experiencing a more gradual increase. Since October 16, ARB has grown by 45%, yet it hasn't broken past its annual high of $1.82, indicating potential room for further growth. Arbitrum is currently in a consolidation phase, hovering between the support range of $1.00-$1.04 and a resistance band of $1.12-$1.16. If it successfully breaches this resistance, the ARB price might test higher levels in the $1.19-$1.23 range and approach its local high near $1.3. It's important to note that any downward correction in Bitcoin's price could have a negative impact on ARB. In such an event, the token might slide below the key psychological level of $1, potentially exploring lower levels around $0.95 and $0.90.
COINBASE:ARBUSDLong
by DEXWireNews