Arbitrum (ARB) bull run finally begins: The target is too high!

Arbitrum (ARB), which is closely followed by the Turkish crypto ecosystem, has finally given a bullish signal.

Arbitrum, one of the leading names in Layer-2 projects, had not been able to rise for a long time. The popular altcoin, which has been struggling with selling pressure due to BTC's failure to stay above $ 60,000, Layer-2s remaining in the background and its tokenomics, has finally blinked at the rise. ARB, which has been in a downtrend since April 1, has recently broken and started preparing for the bull run.

Arbitrum, which has been pricing in a downtrend since April, has now broken its chains. The Layer-2 altcoin, which jumped on the downtrend on September 9, has not yet made the expected explosion. However, the technical view supports the rise of Arbitrum.

Downtrend breaks usually indicate an uptrend. The popular altcoin, which left $ 0.50 behind on September 9, is currently showing a sideways price movement.

Bitcoin staying below $ 60,000, increasing $BTC dominance or the lack of interest in Layer-2s may push ARB to decline. The fact that the parity is currently at low levels may make it difficult to determine the support level. $ARB investors can follow the exact numbers as support in this process.

For example, since the $ 0.40 and $ 0.30 levels can serve as psychological support, a reaction can be expected from these levels. The loss of the recent low of $ 0.46 will be a harbinger of greater declines.

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