$ARB ARB Analysis: December 2, 2024

Arbitrum (ARB) is witnessing sideways movement today, consolidating around $0.9154. The market sentiment appears cautious as traders assess its price action within a narrow range. ARB's technical indicators show mixed signals: the Relative Strength Index (RSI) is near 50, suggesting neutrality, while trading volumes remain subdued, indicating a lack of strong bullish momentum.

If ARB can break above $0.9300 with increased volume, it may trigger a bullish continuation targeting $0.9500. On the downside, failure to hold above $0.9100 could see ARB retest $0.8900.

Strategy:

- **Buy Price:** $0.9100

- **Target Price:** $0.9500

- **Sell Price:** $0.8900

Current market conditions lean slightly **bearish**, but a breakout from the consolidation could provide opportunities for both bulls and bears. Stay cautious and monitor ARB's movement near critical levels.$a$ARB