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ARBUSD trade ideas

Arbitrum ($ARB) Poised for Further CorrectionAfter reaching an all-time high of $2.4, Arbitrum underwent a minor correction. Currently, the asset is trading near the support zone of $2.0–$2.05, which has been tested twice in the past few days. The most likely scenario is for the asset to resume its upward movement from this support zone. In this case, the nearest resistance level would be at $2.227, where a significant number of sell orders are concentrated. If buyers manage to surpass this level, the asset could continue its upward trajectory toward the next resistance zone at $2.33–$2.40, maintaining the potential for setting new all-time highs. A deeper correction for Arbitrum is only conceivable if a similar scenario unfolds on the BTC chart. Under such circumstances, LSE:ARB could retreat to support levels at $1.97 and $1.85–$1.90.
COINBASE:ARBUSD
by DEXWireNews
Arb to $26.66inverted h&s. backtest of both neckline and previous ATH. continuation pattern. this is the coin you want to be parked in for the bull run. this will be the one. 2024 the year of the L2. with so much talk about BTC one can only forget about ETH. ETH in general is a sleeping giant, I expect her to unleash her power on the market thru L2's and then roll the profit back into ETH towards 2025. ARB is a (12month) hold, I expect the price to continue up (forever). if you're going to be in this market you better be risking the house on the dankshard. one love, peace and prosperity.
COINBASE:ARBUSDLong
by wp3p62knjc
3
Arbitrum One Dominates the L2 Scene Leaving Rivals in the Dust Arbitrum One has emerged as a frontrunner, achieving a remarkable milestone by surpassing $10 billion in Total Value Locked (TVL). This substantial feat places Arbitrum One ahead of its closest competitor, Optimism, by a staggering $4.6 billion. Additionally, the upcoming project Blast has already generated significant buzz, boasting an impressive TVL of $1 billion, even before its official launch. The Unprecedented Rise: Arbitrum One's journey to the $10 billion TVL mark has been nothing short of extraordinary. As a second-layer blockchain solution, it has managed to outpace its rivals and establish itself as a powerhouse within the decentralized finance (DeFi) ecosystem. This achievement not only underscores the platform's growing popularity but also highlights the increasing demand for scalable and efficient blockchain solutions. Blast: A Project on the Horizon: One of the most intriguing aspects of the current blockchain landscape is the anticipation surrounding the yet-to-be-launched project, Blast. Despite not having officially debuted, Blast has already accumulated a TVL of $1 billion. This unprecedented level of interest and investment in a pre-launch phase signals a paradigm shift in how investors and enthusiasts approach new blockchain ventures. Arbitrum Token's Meteoric Rise: Accompanying Arbitrum One's impressive TVL milestone is the notable surge in the value of the Arbitrum token. Reaching an all-time high price of $1.83, the token experienced a remarkable 60% rally over the past month. This surge in value reflects a growing confidence in the Arbitrum ecosystem and raises questions about the potential long-term impact on the broader cryptocurrency market. The Power of Second-Layer Solutions: Arbitrum One's success is not only a testament to its own capabilities but also shines a spotlight on the importance of second-layer solutions in the blockchain space. As scalability issues continue to plague some of the major blockchains, second-layer solutions like Arbitrum One are proving instrumental in addressing these challenges and providing users with faster and more cost-effective transactions. Arbitrum One's journey to a $10 billion TVL milestone, coupled with the anticipation surrounding the upcoming Blast project and the significant surge in the Arbitrum token's value, paints a compelling picture of a blockchain platform on the rise. As the ecosystem continues to evolve, the success of Arbitrum One underscores the demand for scalable and efficient solutions, solidifying its position as a key player in the future of decentralized finance.
COINBASE:ARBUSDLong
by DEXWireNews
The Case for Arbitrum's Undervaluation: A TVL AnalysiIn the ever-evolving landscape of blockchain and cryptocurrencies, Total Value Locked (TVL) has become a crucial metric in evaluating the potential of a blockchain network. Arbitrum, a prominent layer 2 scaling solution for Ethereum, stands out with a TVL of $2.4 billion, notably exceeding its market capitalization of $2.1 billion. This discrepancy raises questions about its undervaluation compared to other networks like Solana and Optimism. Let’s delve into the numbers: 1. **Arbitrum**: TVL - $2.4 billion, Market Cap - $2.1 billion 2. **Solana**: TVL - $1.42 billion, Market Cap - $46 billion 3. **Optimism**: TVL - $0.9 billion, Market Cap - $3.6 billion The stark contrast between Arbitrum's TVL and market capitalization becomes more apparent when compared to Solana and Optimism. Despite having a higher TVL than Optimism, Arbitrum’s market cap trails behind significantly. Using Solana as a benchmark, which possesses a TVL of $1.42 billion with a staggering market cap of $46 billion, a simple comparison suggests that Arbitrum's potential market cap could reach at least 50% of Solana's $46 billion, landing it at an estimated $23 billion. Now, let's relate this potential market cap to Arbitrum's current price of $1.7 per token. If Arbitrum were to achieve a market cap of $23 billion, a 50% potential of Solana's market cap, the token's value could easily surpass $15, signifying a substantial growth potential from its current valuation. It's essential to note that this analysis is purely based on the TVL-to-Market Cap ratio and does not account for various other critical factors that might influence a project's success, such as technological advancements, network adoption, partnerships, or market sentiment. In conclusion, Arbitrum's significant Total Value Locked compared to its relatively modest market capitalization presents a compelling case for its undervaluation in the crypto market. However, investors should conduct comprehensive research and consider multiple factors before making investment decisions. The disparity between TVL and market cap in the crypto space often hints at hidden potential. With its robust technology and substantial TVL, Arbitrum might indeed be a sleeping giant waiting to realize its true value in the market. Remember, investing in cryptocurrencies involves inherent risks, and projections are speculative. Always proceed cautiously and seek professional financial advice before making investment choices. Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice.
COINBASE:ARBUSDLong
by CipherMoon
3
Arbitrum ($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
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