$ARB As of mid-November 2024, Arbitrum (ARB) is showing mixed signals. On one hand, the network's strong development and consistent high participation hint at long-term strength. However, the short-term outlook has a neutral sentiment, with ARB recently trading around $0.6855, near a critical support level.

Technically, while there are some bullish indicators, such as positive moving averages (e.g., 50-day and 200-day SMAs), ARB is also facing potential resistance near $0.7, with a range of support between $0.5 and $0.55. Given the Fear & Greed Index reading “Greed,” caution is advised for short-term trades.

For a conservative approach, buying near $0.60-$0.62 could offer a good entry point, with a price target of $0.77 in the next month.