Jaw-dropping analysis for Arbitrum (ARB).

#Ethereum scaling project #Arbitrum ($ARB ) could rally if it breaks through a potential resistance point.

ARB, which showed a striking performance in November, is on the verge of a significant breakout. The layer-2 project, which has increased by 112 percent in the last month, has managed to attract new investors.

AMBCrypto made striking statements in the graphic analysis it prepared for ARB. The analysis included the following statements; “If #ARB rises above $ 1.28, rally metrics will come to the fore, and as a result, it may sign a further increase.”

Arbitrum (ARB) gained significant momentum by recording a monthly trading volume of $ 21.45 billion. The popular cryptocurrency managed to become the first layer-2 project to reach this volume.

Daily active addresses and open interest rates on Arbitrum showed that investors are turning to ARB. ARB, which stands out in the Ethereum ecosystem, has risen above $ 1 with a nearly 10 percent increase in the last 24 hours.

According to AMBCrypto, ARB must overcome the $ 1.28 resistance for a potential rally. The Layer-2 project could reach $ 2.4 if the resistance at $ 1.28 is overcome.

The analysis platform warned about a price correction despite the positive outlook. The analysis included the following statements; “Investors should be careful, because ARB's Relative Strength Index (RSI) stands at 71.05. This level shows that the popular altcoin is in the overbought region. During this period, profit sales may increase and $ARB may see a pullback.”

In the event of a possible decline, the price may need to hold between $ 0.85 and $ 0.6. Losing these areas could lead to ARB pulling back to $ 0.45.

Recording a trading volume of $10 billion in the last 24 hours, ARB reached a market value of $4.1 billion.