Arbitrum Price Action: What’s Next for ARB?

Arbitrum’s (ARB) price has been zigzagging in the last week. ARB is now between $0.906 and $1.06. A week ago, it jumped up over 16%, but in the last month, it slipped about 6%. Compared to half a year ago, it’s up almost 12%. Right above, ARB could hit a wall at $1.14, and if it dips, it might find a floor at $0.84. It’s been stronger than usual, with an RSI over 66, hinting it’s quite bought right now. But the Stochastic value over 83 might suggest it’s too hot, and a cooldown could happen. The recent movement looks more like a zigzag than a straight line, which means it might swing back and forth a bit before deciding where to go next.