The last price of one Arbitrum coin is $0.8166. It has fallen by -4% in the last 24 hours. 47.96% of the days the ARB price closed above the opening. The highest price ever recorded in our database for one ARB is $2.27, which was 10 months ago; currently, the price has fallen by -64.07% from that peak.
Out of 17 technical indicators, 12 are buy signals and 3 are sell signals, indicating a bullish sentiment for the short term based on technical price analysis. The first major resistance of the upward trend for ARB is at $0.8273; it needs to close above this level to continue moving upward, while the lower support is at $0.7436. Thus, if the price falls below $0.7436, we could see the price go even lower. On the other hand, if it can close above the $0.8273 level, it may rise to the next resistance level at $0.9111.
The 14-day Relative Strength Index (RSI) is currently at 64.04, indicating neutral market conditions without being oversold or overbought.
On the daily chart, the exponential moving averages show a bullish signal. The Arbitrum price is currently above all the 10, 20, 50, 100, and 200-day EMAs.
According to our Arbitrum price forecast, the price of ARB could reach $1.01 within the next 10 days, and for the long-term price forecast for 2025, it will be $2.90, while the forecast for 2030 is $6.36. If we go even further, considering all previous highs and forecasts for lower time frames, the forecast for 2040 will be $21.48.
The Arbitrum forecast for 2024 is $-4.16E-1. This is the maximum price we expect from ARB by the end of this year, while the minimum is $1.88, so we expect the price to be in the range of $1.88 - $-4.16E-1.
The Arbitrum price forecast for next year, 2025, is $2.90. This is the maximum we are predicting for ARB, while the minimum price is $1.95.
