The ARB price is currently moving within a bullish falling wedge pattern, with potential for a 51.48% Arbitrum rally to around $0.8124. #ARBİTRUM
•ARB price is in a strong downtrend but could see a potential bounce.
•Arbitrum DAO has approved the proposal to enable ARB staking on the Layer 2 network. #DAOs
•Over $1.276 million of buy limit orders between $0.52 and $0.53 may hold the price up.
👉ARB Price Revival Likely as Arbitrum DAO Approves Staking:
The Arbitrum DAO has approved the proposal to enable ARB staking on the Layer 2 network. The proposal was published by Frission, an Arbitrum delegate, on June 24 because he observed the ARB token was struggling to accrue value and its usage as a governance token.
