ARB shows key support at $1.04, with resistance at $1.06 hindering upward momentum.
Increased 24-hour trading volume suggests active market participation and volatility.
RSI nearing overbought levels and MACD signals potential short-term downward pressure.
Arbitrum (ARB) has been volatile lately, but also shows some steady movement. Of note, is a wallet linked to the Arbitrum team that sent 20 million ARB tokens, worth $20.85 million, to Coinbase at an average price of $1.04.
Onchain Lens data shows that over the past year, this wallet moved a total of 250 million ARB tokens, worth $244.43 million, to the same exchange. ARB trades now at $1.05, down 1.26% over the last 24 hours. Let’s take a closer look at the price trends and market indicators.
A wallet linked with the #Arbitrum team has deposit 20M $ARB worth $20.85M, into #Coinbase at an average price of $1.04.
Over the past year, the wallet has sent a total of 250M $ARB, valued at $244.43M, into #Coinbase.
Wallet: 0xd6c8a4e72584f24bd5517afed6c01d21477c17f6 pic.twitter.com/GSXmRVgQJM
— Onchain Lens (@OnchainLens) December 13, 2024
The ARB price chart shows both bullish and bearish movements. First, …
The post ARB Bulls Aim Higher as Bears Block $1.06 in Volume-Driven Market appeared first on Coin Edition.
