**Arbitrum (ARB) Analysis for November 28, 2024**
Arbitrum (ARB) is exhibiting mixed signals today, trading at $0.9106. Market sentiment remains cautious as the broader crypto market shows low volatility. ARB has struggled to reclaim key resistance levels, indicating a bearish short-term trend. However, its robust ecosystem and utility as a layer-2 scaling solution keep the long-term outlook optimistic.
**Analysis:**
- **Bullish Factors:** Increased adoption of layer-2 scaling solutions could drive demand for ARB in the coming months.
- **Bearish Factors:** The current price trend shows weak momentum, with sellers dominating the market.
**Recommendation:**
- **Buy Range:** $0.88–$0.90 (if it dips further for cost averaging).
- **Sell/Target Price:** $0.95–$1.00 (short-term resistance zone).
Traders are advised to exercise caution, focusing on accumulation during dips while monitoring overall market conditions for stronger bullish confirmation.