The Arbitrum (ARB) token has experienced a recent downturn, losing 3.51% in the last 24 hours and 9.68% in the past month. Despite the negative short-term trend, the long-term outlook remains positive, with a 46.85% increase in price over the past year. However, the current market sentiment is neutral, with the Fear & Greed index indicating extreme greed. Technical analysis suggests that key support levels for ARB are at $1.67, $1.63, and $1.59, while resistance levels are at $1.75, $1.79, and $1.82.
Our Arbitrum price prediction expects the token to reach $2.23 by April 1, 2024, representing a 29.85% increase in the next five days. However, it is crucial to monitor market sentiment, key support and resistance levels, and other metrics, as the cryptocurrency markets are unpredictable and prone to significant price volatility.