Arbitrum (ARB) is at a critical turning point: Will the rise continue?
ARB, traded at $1.1814, could target even higher levels if Layer-2s come to the fore, #ETH rises, or BTC dominance declines. ARB, which is currently in the background compared to other altcoins, may soon take over the reins. In such a scenario, there may be a movement towards 1.2338 – 1.4588 – 1.6114 – 1.70 – 1.80 – 2.1069 – 2.2767 and 2.4240 dollars, respectively. In the short/medium term, the $1.70 – $1.80 range may be an intense selling zone.
If Layer-2s fail to catch a breakout, #ETH remains below $3750, or #BTC does not turn $70,000 into support, this may create selling pressure on ARB over time. In such a scenario, there may be a retreat to 0.9908 – 0.8029 and 0.7319 dollars respectively. Price movement is decisive in the range of $0.8029 – $0.7319, which is the buyer zone.
